Gold confirms double top in place at $2,710

Following on from the previous update, nothing the further gains in the dollar and the push close to 154 in the USD/JPY, Gold has fallen back below the lows seen last week, underneath $2,643. That means the metal has now confirmed what was thought likely here; a double top set in place on the Daily charts at $2,710. Gold has just this minute hit a session, and post US election low around $2,640. It may not be done with on the downside yet, but we shall have to see how that plays out as the afternoon unfolds. Gold is currently trading at $2,640.15