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Forex Analysis Details

GOLD creating double TOP Pattern

  • PUBLISH BY: FxsuccessBD
  • 03 Jul, 2019 4:10pm

GOLD GONNA TAKE A SHORT BREAK: 

According to daily chart Gold now trying to form DOUBLE TOP chart pattern whereas the key resistance is 1436 level. Few days back this pair took gap starting at 1393 Level  and started bearish momuntum but its fill up the Gap successfully and regain its bullish rally todards 1436 level. But its still unable to break the key resistance.

Our Suggestions: We prefer short position from key resistance level at 1436 level and logical target can be 1406 level.

PIVOT at a Glance: R3: 1468.95, R2: 144.88, R1: 1431.40, PIVOT1407.33, S1: 1393.85, S2: 1369.78, S3: 1356.30

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