IS GOLD GETTING READY FOR THE DOWNSIDE ?

TECHNICALLY YES. Looking at gold from the higher timeframes perspective, we have created a DOUBLE TOP on the weekly timeframe which indicates a change on trend. AND YOU CAN ALSO SEE WE CLEARED THE NECKLINE ON THE WEEKLY WHICH ALSO MAKES OUR DOUBLE TOP VALID. AND GOING ON THE DAILY TIMEFRAME, GOLD IS BEGINNING TO CREATE LOWER LOWS.

NEXT TARGET I WILL BE LOOKING AT 1850.00