Gold Formed a Triple Top

Yesterday Gold made yet another attempt to break out above the resistance at $1,263 - $1,260, failed to do so and formed a distinct triple top at that level as well as a shooting star candlestick on the daily time-frame at the same level before bouncing off from it and moving to the downside. Currently the precious metal is moving towards $1,244, which coincides with the (MA)89 indicator on the four-hour time-frame, from which it has already bounced off once at $1,239. The questions are two – is this the end of the overall move to the upside, marked by the aforementioned triple top and shooting star candlestick on the daily time-frame, and will Gold break out below $1,244. Regarding the first question, the answer is that yes, it is very likely this is the end of the overall move to the upside, as for the second question, if Gold breaks out below $1,244, it will likely continue falling towards the next target at $1,233.