Gold is forming a double top
Updated
Hello guys 👋
We have the gold chart in the 1-hour time frame
👇👇👇👇
According to the previous analysis, you saw how well the price reacted when it reached the plotted areas.
In yesterday's update, from where I said you can enter a buying position, it went up about 80 pips.💥
Currently, the price has reached the supply level and started to fall. If it continues this movement, it can continue to fall in the form of a double top and continue to fall until the previous demand range (2004-2008).✔️✔️✔️
We have the gold chart in the 1-hour time frame
👇👇👇👇
According to the previous analysis, you saw how well the price reacted when it reached the plotted areas.
In yesterday's update, from where I said you can enter a buying position, it went up about 80 pips.💥
Currently, the price has reached the supply level and started to fall. If it continues this movement, it can continue to fall in the form of a double top and continue to fall until the previous demand range (2004-2008).✔️✔️✔️
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Hello friends, we have the gold chart in the time of one hour.
The one-hour resistance level prevented the price of gold from rising, and from there we saw the fall of gold.
The previous demand level, which caused the price to rise several times, has broken downwards. Now, in pullback to the same level, we expect the range (2004-2008) to continue falling.
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