Gold spot ( Hourly chart) : Bullish
Spot Gold has perfect ichimoku set up giving it bullish momentum , first key resistance at $1,967 ( will form double top); If taken out it should move towards $1,975 and then towards $1,992-2014. MACD has given positive cross over at $1,944 today until it is reversed positive momentum to continue.In case it is reversed then major support available at $1,935.
Note
One more point Double Top pattern is a bearish pattern , it may act as stiff resistance , if taken out then only it will continue bullish momentum
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.