From the structure of the market, we can see it obeying the double top formed on both the H4 and M30 timeframe.The trendline was respected as well as the resistance line, that is why we can project that #XAUUSD would be on the bearish side.
Looking at the trend of the market since the past week GOLD has been on a side way movement. Following technicals gold is on its resistance in the 30 minutes and H4 timeframe which has been respected in the past. Following this a short on GOLD would be the best.
