Gold - Technical Analysis (Time Frame: 1 Hour)GoldCAPITALCOM:GOLDHamandMagicGOLD Gold - Technical Analysis (Time Frame: 1 Hour) Analysis: The chart clearly shows that the price has recently formed a strong uptrend, but it’s now forming a double top pattern (mini double top) on the upside, which is a potential bearish signal. A break below the neckline of the double top could lead to a significant downward move. Key Points: The price has faced resistance at the 3,380.00 level. It has reversed twice after reaching this resistance. A descending trendline (upper resistance) is also forming. A key support trendline is visible near 3,340.00. Possible Scenario: If the price breaks below the 3,340.00 support, the market could drop further towards 3,300.00 or even lower. Expected Target: 3,280.00 - 3,260.00 zone.