Gold multiple strategies daily chart

Gold made a double top with a pinbar which makes it likely for gold to go down to the first support area which is at the 23% fibonacci level (second target is support zone which is at the 50% fibonacci level). If gold breaks to the upside, the first target might be the fibonaci level 1.61 which is also a resistance region looking at 2012.
Candlestick AnalysisFibonacciGoldSupport and ResistanceXAUUSD

Disclaimer