COULD GOLD SELL?

١٩ أغسطس

XAUUSD

What's going on? Through the strong move on Gold to create higher highs we have a few bearish sign. We have bearish divergence being formed showing possible signs of fatigue in the market. On the 4 hr time frame we have a potential double top being formed showing us the early stages of a reversal.

On the other hand, if Gold manages to create a structural level of support above the highs the we're recently broken, we'll see new highs being formed on Gold.

What do you see? Which side will you choose?