Gold : A time for a Pullback from Double top
Gold: Price approached near Last ATH on firday. The price showed a rejection from the level. This rejection can be seen in the form of Wick on the daily chart and formation of Head and shoulders in 1H or Lower TF.
I think price will pullback from this level and visit the area between 20-50 DMA.
Allinging fundamentals with the technicals. Trump policy of imposing tariffs on foreign imports may increase inflation and delay the interest rate cuts.
We may see 2750-2720-2700-2680 levels in the next week.
Good Luck and share your views on the idea
I think price will pullback from this level and visit the area between 20-50 DMA.
Allinging fundamentals with the technicals. Trump policy of imposing tariffs on foreign imports may increase inflation and delay the interest rate cuts.
We may see 2750-2720-2700-2680 levels in the next week.
Good Luck and share your views on the idea
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