Gold Double Top

A chart pattern like Double Top gives us a signal of possible trend reversal and down movement. Based on this we can search for entry levels and open short trades. We could sell, when price reversed from the resistance level. A new sell signal will be at 1220.00, if price breaks this support level. Profit targets for short trades should be at the support levels. But if price bounces from 1220.00 and RSI confirms price reversal, we'll have a buy signal with profit target at the resistance level.