GOLD A-B-C-D Below D L3

Dear traders,

GOLD has formed the double top resistance the price could drop as resistance holds.

Point C is the entry zone. If the market breaks D L3 to the downside, we could see a few lower levels hit.The first target is D L4 followed by D L5 and W L3. Weekly L3 at 1800 is the strong level where buyers are. Only below that level we might see W L4. However, as it’s bank holiday we might see the range only.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez