$XAUUSD - Double Top Reversal

By LADEEc57
XAUUSD Weekly double top producing LH with price action reversing lower towards 49EMA line. I'm looking for a retest of the long term descending trend line with buyers stepping in to support price action at the $1244 level. Bullish sentiment is waning & turning negative with USD cross pairs ; USDJPY, USDEUR, USDCAD, showing renewed signs of buying interest. Further evidence of pervasive buying in these pairs, along with US FED reassertion of rate hike intentions could hamper gold recovery.
Trend Analysis
LADEEc57

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