GOLD - Heading To Double Bottom?

In our last Gold analysis, we looked at how the recent price action of Gold was almost identical to March 2021 where we went on to create a double bottom. (See linked chart)

It appears that we may be going on to make that double bottom. Price has broken out of the ABC ascending wedge and is creating a bearish correction. We're more interested in the long term buy from Double bottom but this set up could be a great short term move whilst we get ready for the double bottom.

Please make sure you use appropriate risk.

Goodluck and trade safe!