At the end of the last trading week, precious metal Gold had another week of new growth when the price bounced up from 1784 to 1810, closing the week at around 1808. In my personal opinion, Gold is still is being blocked by the resistance area of 1810-1815, so it is likely that in the beginning of the week's session there will be a slight correction, the condition for the increase to continue is to overcome this price area.
- Switching to the H4 time frame Gold is forming a double top pattern. We can short-term at the current price range with safe profit-taking around 1800-1803. Here we liquidate the order and wait for the next signal.
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