🥇 GOLD - Double top with respect to resistance
Updated
Gold may decline a bit by 2030, then by 2015. On the chart we see a sideways range forming. A retest of resistance does not lead to success, but it forms a double top, which is a strong sell pattern relative to the strong level
Reasons for further decline ↓
1) resistance density 2045 - 2050 does not let the price in
2) A rebound and correction to support is being formed
3) The price is in a range
4) Bears are not letting the price through the strong resistance area yet
Reasons for further decline ↓
1) resistance density 2045 - 2050 does not let the price in
2) A rebound and correction to support is being formed
3) The price is in a range
4) Bears are not letting the price through the strong resistance area yet
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