Strengh Index:
XAU performs SHS with yellow line as resistance, if rejected, XAU will retest 1824-1805
But if can cross over, it will retest green line which is bullish resistance
I think, it will cross over, and the price can retest 1992
XAU Double Top Scenario:
XAU can have double top above 2000, I think 2030-2060 is idea for double top
But if the price can make HH, it will have correction but no worry because it indicates to continue rally up
Strategy:
IF Xau price get rejected or hard to cross over 1927-1912, I think short position is idea to 1824
But if you miss bullish momentum and you are not breakout's trader, you can wait entry on 1860 or lower to get long to 1992 or 2060
XAU performs SHS with yellow line as resistance, if rejected, XAU will retest 1824-1805
But if can cross over, it will retest green line which is bullish resistance
I think, it will cross over, and the price can retest 1992
XAU Double Top Scenario:
XAU can have double top above 2000, I think 2030-2060 is idea for double top
But if the price can make HH, it will have correction but no worry because it indicates to continue rally up
Strategy:
IF Xau price get rejected or hard to cross over 1927-1912, I think short position is idea to 1824
But if you miss bullish momentum and you are not breakout's trader, you can wait entry on 1860 or lower to get long to 1992 or 2060