Gold Double Top

The price moved back to 1350.00 resistance level and bounced again. We can spot a double top chart pattern which gives us a trend reversal signal. This pattern will be confirmed if the price drops below the signal level. Now we have a reversal candlestick pattern at the resistance. RSI confirms price reversal. We have a new sell opportunity. Pending orders for sell can be placed at 1344.00 level with stop orders at 1365.00 level. Profit target can be at 1300.00 support level. If the price breaks this support and SMA100, it will be possible to open new short trades with profit target at 1250.00 level.