We previously observed a bearish reversal on GOLD.
Following a period of consolidation, the market has now formed a significant double top pattern on the 4-hour chart.
The neckline of this pattern, a key support level, was broken during the Asian session with a strong bearish candle.
It is likely that the pair will continue to decline towards the 2270 support level.
Following a period of consolidation, the market has now formed a significant double top pattern on the 4-hour chart.
The neckline of this pattern, a key support level, was broken during the Asian session with a strong bearish candle.
It is likely that the pair will continue to decline towards the 2270 support level.
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