XAUUSD Potential double top for XAU signalling a reversal.
If we see a close below 2881 on the 4H chart, and a retest to the inverse FVG above at the 2888 level. We could see a drop to 2830.
Market is still unable to accept XAU >2900 and with Trump policies being inflationary and US data still on the stronger side of things, USD continues to stay bullish fundamentally.
Do note that monday is Washington's day and there is RBA, RBNZ, Trump speaking and VP for Fed. These are highly volatile and requires active management.
As usual trade safe and see you all on minds!
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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.