XAUUSD Gold downtrend 27 01 2023
GOLD
The market tested resistance and dropped by forming a double top . I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
The market tested resistance and dropped by forming a double top . I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
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