GLD – Double top formation

Hello traders,

GLD was spotted on the AlphaOverBeta radar as forming (Asymmetric) double top bearish formation, this usually means that the next move is to the downside.

The formation is incomplete and will be completed once the price pattern goes below the 145.5$ level, watch out for this formation since its a high probability trigger, once formed, which may trigger a bearish move in GLD for the short term.

Trade Smartly,
Alon

GLD-Double top formation , AlphaOverBeta Trade Alert by Alon_AOB on TradingView.com

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