XAUUSD : Bearish Momentum & Triple Top Formation
Gold continues to decline within a well-defined descending channel, trading around $2,912 at the time of analysis. The market has formed a triple top pattern, indicating potential further downside if the price fails to break above resistance.
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
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✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Penerbitan berkaitan
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.