Gold's Direction Uncertain, Double Top Hints at Correction
Gold price action suggests the potential formation of a bearish double-top pattern. The future trajectory of gold is ambiguous; it may either climb higher or undergo a downward correction, influenced by the dollar's and treasury yield fluctuations.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2300 |
2250 |
2200 |
2140-45 |
2088 |
2055-60 |