Gold Market Analysis | Double Top Pattern,, 500+ Pips Target...
📉 XAUUSD Price Forecast 📉
Gold is at the top of an uptrend and has formed a Double Top reversal pattern. This indicates a potential bearish move, especially as the market is nearing a breakdown of the 200EMA and neckline of the pattern.
🔹 Technical Analysis:
Bearish Order Blocks:
💢2880 – After the neckline breakdown
💢2910 – After a retracement to resistance
✅ Target Range:
From the pattern height, the expected drop is 500+ pips.
🎯 Technical Target Levels:
〽️2862 – First support
〽️2842 – Second support
〽️2831 – Key level
〽️2812 – Critical breakdown point
〽️2774 – Final target after trendline breakdown
📢 Trading Insight:
Gold is showing strong bearish momentum, and after confirmation of the breakdown, holding short positions could yield high returns. Stay patient and follow the structure.
🔔 Like, Comment & Follow for More Updates!
Kind Regards, TrendLogic1 🚀
Gold is at the top of an uptrend and has formed a Double Top reversal pattern. This indicates a potential bearish move, especially as the market is nearing a breakdown of the 200EMA and neckline of the pattern.
🔹 Technical Analysis:
Bearish Order Blocks:
💢2880 – After the neckline breakdown
💢2910 – After a retracement to resistance
✅ Target Range:
From the pattern height, the expected drop is 500+ pips.
🎯 Technical Target Levels:
〽️2862 – First support
〽️2842 – Second support
〽️2831 – Key level
〽️2812 – Critical breakdown point
〽️2774 – Final target after trendline breakdown
📢 Trading Insight:
Gold is showing strong bearish momentum, and after confirmation of the breakdown, holding short positions could yield high returns. Stay patient and follow the structure.
🔔 Like, Comment & Follow for More Updates!
Kind Regards, TrendLogic1 🚀
t.me/TrendLogic1
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🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.