Reversal and double bottom on GOLD

Dear traders,

I guess anyone seen a double bottom pattern on XAUUSD daily chart. Clear reversal is confirmed.
If the price breaks 1760 a first TP is around 1780-1790 and in case of the break of the bearish resistance trendline it will fly over 1800.

thanks in advance for your observations.

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Disclamer: this is just a personal view, not a financial advise. Stay safe!

Trade chiuso: obiettivo raggiunto:

First TP reached!! ;-)

Commento:

after the bounce on 1761 level, gold is ready for the next leg up to the second TP.

Trade chiuso: obiettivo raggiunto:

2nd target reached! ;-)