Gold's Double Top

Gold has a much more calm market compared to other assets I track and trade. Here would be where I would start opening short positions.

We've seen a double top on the 1-day chart, also breaking out and back into our Keltner Channel, a sign of a reversal.

If we break support of the 200-day EMA, which I believe we will, we'll retest our $1,720 area for support.

My last call on gold was in the $1,620 area.

We've seen a convergence in our TSI MACD and RSI.

our RSI is highly overvalued.

TSI and MACD seem to be on the cusp of a bearish crossover.