The price of gold in US Dollar (XAU/USD) has been climbing since late 2016. In a December and January, it rallied from 1122.51 to a high of 1220, but a double top suggests price has peaked for now.XAU/USD Daily Chart 1/27(click to enlarge)Double Top:- The daily chart shows that price tried to push above 1220 twice in January and failed both times.- Subsequently, price broke below the support at 1195.00.- Also, we can visually see the sharp rally stopped and reversed.XAU/USD Weekly Chart(click to enlarge)Bearish-Neutral:- When we look at the weekly chart, we can see that price action has been bearish since 2011 after it made a historic high around 1920.- Now after price came down to 1046 in late December 2015, price rallied back up to 1375 in mid-2016.- This rally was a significant one because it broke a falling trendline.- However, this breakout failed to extend and the market is NOT bullish. - This week's candle looks like a bearish engulfing candle.- These are reasons we can say gold is in a bearish-neutral market, with focus on the bearish component at the moment.