#XAUUSD #Gold Weekly Top Down Analysis

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

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OANDA:XAUUSD Gold Spot / U.S. Dollar

Fibonacci Multiple Time Frame Analysis Harmonic Patterns Gold XAUUSD Fibonacci Retracement Fibonacci Extension Fibonacci Cluster Fibonacci Confluence fibonaccianalysis vikinsa

fibonacci mtfa harmonicpatterns gold xauusd fibonacciretracement fibonacciextension fibonaccicluster fibonacciconfluence fibonaccianalysis vikinsa

Traders, Gold found strength last week to move higher but be careful. As I posted on May 8th, this can be a fake breakout. All signs on gold are still bearish. In this top down analysis I present all those factors.
1. Monthly W patterns
2. Weekly W pattern
3. Daily Double/Triple top
4. Daily RSI divergence
5. 4H W pattern.

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Have a great trading week!

P.S. (This is for education only. Not a financial advice or signal.)

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Updated:

#GOLD #XAUUSD Update:High Probability Zone To Watch For Reversal

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