Gold will fall after retest the neckline
XAUUSD: Short
Gold had broken down the neckline an retest the 618. It created a small double top in 618 area and moved to the downside breaking down the support. It's now retracing upside to retest the neckline before continuing the bearish movement.
Look at price action on the neckline and 618 retracement area. It can directly go bearish after retesting 618 or neckline or created harmonic patterns before it makes a bearish movement.
Gold had broken down the neckline an retest the 618. It created a small double top in 618 area and moved to the downside breaking down the support. It's now retracing upside to retest the neckline before continuing the bearish movement.
Look at price action on the neckline and 618 retracement area. It can directly go bearish after retesting 618 or neckline or created harmonic patterns before it makes a bearish movement.
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