Double top earlier this month

The price of Gold is higher on the day by $6.82 at $1331.66. The bounce is good technically. The last two days moved down toward the 100 day MA (blue line currently at $1319.29). The low reached $1322.75. The prior two other tests of the MA stalled the fall too.

So the pattern is there. IF there is a break one day, it should be more bearish. For now, it is a level that buyers are leaning against.

PS The high this month stalled at the high from January. So we have a double top at the highs.