GOLD moving between the ranges and forming a Double Top Pattern

GOLD Analysis :

Gold is moving between the ranges for long time in H4 Chart.

xauusd forecast trend analysis

The increase in Fed Interest rate from 1.00 to 1.25% makes the GOLD to move down more.

Let’s wait for the Breakout from this range to make good profits on Gold.

Double top in gold xauusd four hour chart

In other hand, Gold trying to form a Double top pattern.

We should wait for the confirmation of Breakout at the bottom level 1220 to catch big movements on Gold.

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Forexgdp Team.

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FOREX GDP

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FOREX GDP