Gold broke it's major support at 1700 giving us a confirmed double top formation on weekly timeframe. With the breakdown, we may see gold trading at sub 1400 levels.
There is a weak bullish RSI divergence to watch out for. Price retracing back above 1700 will invalidate the double top formation.
There is a weak bullish RSI divergence to watch out for. Price retracing back above 1700 will invalidate the double top formation.