Between Double Bottom and Double Top

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## 🟡 Gold (XAU/USD) – Between Double Bottom and Double Top: Waiting for Breakout Confirmation

This is a clean multi-hour setup with **two classic reversal patterns** forming in opposite directions.

I’ve highlighted both with color-coded bars for clarity:

- 🖤 **Black bars**: Potential **Double Bottom**
- 🔵 **Blue bars**: Potential **Double Top**

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### 🧠 Structure:

We are now inside a **wide range** between **$3,160 and $3,275** — a zone of **indecision**, where neither side is in control yet.

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### 🟢 Bullish Scenario (Double Bottom):
- Confirmation: **H1 candle close above $3,275**
- Target: **$3,400**
- Rationale: Break above neckline confirms reversal and initiates bullish wave sequence

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### 🔴 Bearish Scenario (Double Top):
- Confirmation: **H1 candle close below $3,140**
- Target: **$3,000**
- Rationale: Failed support turns into resistance, invalidates bullish recovery

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### ⚠️ Neutral Zone (No Trade Zone):
- The range between **$3,160–$3,275** is wide but structurally unclear.
- Best approach: **avoid trading inside the zone** until the market chooses direction.

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> Trading isn’t about predicting — it’s about preparing for both sides and following structure with discipline.

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### 🔚 Final Thought:

> Depending on the breakout, gold will either **finally break its downward structure** — or **fall right back into it**.

📊 Which level are you watching first? $3,140 or $3,275?

Penafian

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