Golden Arches formed but NOT in tact as price is above 200MAM Formation has formed on Gold.
However, there is a BIG support with the neckline and the major 200MA.
As long as price stays above, this analysis will e wrong.
So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future.
Price >200 - needs to break below
RSI<50 turn up
Target will be to $1,710 if the price breaks below the Neckline and 200MA.
What do you think?
