XAU - Rising Trend Channel [MID TERM]

🔹XAU is in a rising trend channel in the medium long term.
🔹XAU had a strong fall after the negative signal from the DOUBLE TOP formation at the break down through the support 133.
🔹Supported at 120, which may give a POSITIVE reaction.
🔹RSI is below 30 after the falling prices of the past weeks.
🔹Overall assessed as technically slightly POSITIVE for the medium long term.

Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢

Verify it first and believe later.

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