Gold's double top signals a potential retest of last week's open before resuming its uptrend. A short trade here carries risk, but could offer an opportunity before a potential long entry at key support. This move appears to be a reversal attempt, so caution is needed. The monthly trend remains bullish, suggesting this week could see consolidation before a breakout to new highs in the final week. Watch price action closely!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.