Gold’s acrobatics on support (Sep. 16, 2022)

Gold is testing the most crucial make-or-break support on the post-pandemic weekly chart. Further weakness will confirm the breakdown and the double top and will project a target price as lower from here as the distance between the support (ca. $1.670) and the horizontal resistance (ca. $2.080).

Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!