XAUUSD: Triple Top in the Making or Just Getting Started?
Hey everyone! What’s your take – is gold gearing up for another rally or about to reverse?
Today, gold saw a strong rebound, surging over $70 to retest the key $3,300 level once again.
The rally was largely driven by a weaker U.S. dollar, which boosted gold’s appeal as a safe haven. On top of that, rising concerns over U.S. tariff policies have added fuel to the short-term bullish momentum in precious metals.
But beneath the surface, technical risks are lurking. On the daily chart (1D), a triple top pattern could be forming, with two peaks already in place. The key resistance lies at $3,430, and if gold fails to close above this level, the third top may solidify — potentially triggering a correction down toward the $3,000 psychological level.
So… what do YOU think?
Is gold about to break out or break down? 🧐
Let me know in the comments!
Today, gold saw a strong rebound, surging over $70 to retest the key $3,300 level once again.
The rally was largely driven by a weaker U.S. dollar, which boosted gold’s appeal as a safe haven. On top of that, rising concerns over U.S. tariff policies have added fuel to the short-term bullish momentum in precious metals.
But beneath the surface, technical risks are lurking. On the daily chart (1D), a triple top pattern could be forming, with two peaks already in place. The key resistance lies at $3,430, and if gold fails to close above this level, the third top may solidify — potentially triggering a correction down toward the $3,000 psychological level.
So… what do YOU think?
Is gold about to break out or break down? 🧐
Let me know in the comments!
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✅ Trading knowledge and answers to questions 24/7
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✅Completely free.
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