Gold could not “pivot” from the bears (Nov. 3, 2022)

The metal remains well below the horizontal neckline support (ca. $1,700) that confirms a multi-month double top. According to classical price chart analysis, the projected target price is as much below the neckline as much as the height of the rectangle area is.

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!