🥇 GOLD Double top. The beginning of the correction
Gold meets a strong resistance area
1) Double top is formed, the price breaks through a strong support
2) The reversal pattern sends the price down
3) The support line is broken and there is a consolidation under 1935.
4) There are preconditions for falling on the daily chart
5) The liquidity zone is the target of 1916, 1909
I expect the end of consolidation under the line and the fall of the price to the strong liquidity zone. Gold shows that a downward correction is expected in the near term.
1) Double top is formed, the price breaks through a strong support
2) The reversal pattern sends the price down
3) The support line is broken and there is a consolidation under 1935.
4) There are preconditions for falling on the daily chart
5) The liquidity zone is the target of 1916, 1909
I expect the end of consolidation under the line and the fall of the price to the strong liquidity zone. Gold shows that a downward correction is expected in the near term.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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