🔻 XAU/USD Bearish Setup – Double Top Rejection! 📉
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
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.
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.