Gold Spot / U.S. DollarUpdated XAUUSD H1
Looks like the price is forming a "M" pattern with the double top @ 1753. If the price could break below the neckline of 1744/41, then high chances it may attept to lower support at 1736/34 again. Likewise, if 1744/40 is holding strongly then we could expect nother bounce to higher level of 1762/68. Keep an eye on the support and see what price action it react to determine for the next direction.
Trade closed: target reached
Target hit at 1765. Boom.
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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.