I am not sure what is a substantial drop
Is nowadays.
My thinking gold will drop to $1280
Before having another crack at breaking out. But not until we get a few lower peaks.
I think after the double top a lot will expect gold to head even lower.
Last double top in 2016 saw gold head down to $1120...If that were to happen
Then it would be a signal that the bull trend is over.
So I doubt that will happen.
Cheers
BDR Price at posting:
9.3¢ Sentiment: Sell Disclosure: Not Held