FX.co ★ Trading Signal for GOLD (XAU/USD) for January 18, 2023: sell below $1,925 (double top - 21 SMA)

In the American session, gold reached the level of 1,925 that is viewed as a strong resistance.

The eagle indicator reached the 90-point level which is a reversal signal.

On the 4-hour chart, we can see the formation of a double top, which means that there could be a strong technical correction in the next few hours.

If gold consolidates below the 21 SMA around 1,912, it will be a clear sign to sell with the target at 1,875 (8/8 Murray).