XAUUSD: bounce double top, break support to new downtrend
We have a supporting Upward Trendline with a strong daily support foundation.
If we bounce from the ATH double top and get rejected to the daily support AND break the upward trendline, we might see a break of the strong daily support foundation to create an new downtrend.
If we bounce from the ATH double top and get rejected to the daily support AND break the upward trendline, we might see a break of the strong daily support foundation to create an new downtrend.
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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.