🔁 Gold's Reversal Watch: 12HR Low Holds Key | Bearish Patterns Surfacing
Post Body:
Gold (
XAUUSD) continues to show increasing signs of exhaustion after tagging the $3,500+ highs, with price action now pressing against the 12HR Low zone around $3,201.
📊 Timeframe Breakdown:
15D/12H: Clear rejection from previous highs, forming lower highs and testing structural lows.
1W/4M: Candle behavior suggests we may be entering the early stages of a reversal. The 4M in particular may close with a strong upper wick—hinting at indecision or a potential pivot.
🕯️ Bearish Candlestick Confirmation:
Comparing current price behavior with textbook patterns, we may be seeing early signs of:
Dark Cloud Cover
Evening Star formation
Potential for Three Black Crows if the trend persists
📉 Target Zones (if neckline breaks):
$2,940 (next key liquidity level)
$2,790 (major zone aligning with long-term support)
🧠 Key Watch Level:
If price breaks and closes below $3,201 with momentum, we could see a stronger move down. If it holds, a retest of the neckline around $3,240–$3,280 is likely.
💬 "It’s not just about how long you've been trading—it’s about knowing how to read the structure. Candlesticks leave clues."
Following closely. Updates to come.
#XAUUSD #Gold #TradingView #TechnicalAnalysis #CandlestickPatterns #MarketReversal #GoldForecast #PriceAction
Post Body:
Gold (
XAUUSD) continues to show increasing signs of exhaustion after tagging the $3,500+ highs, with price action now pressing against the 12HR Low zone around $3,201.📊 Timeframe Breakdown:
15D/12H: Clear rejection from previous highs, forming lower highs and testing structural lows.
1W/4M: Candle behavior suggests we may be entering the early stages of a reversal. The 4M in particular may close with a strong upper wick—hinting at indecision or a potential pivot.
🕯️ Bearish Candlestick Confirmation:
Comparing current price behavior with textbook patterns, we may be seeing early signs of:
Dark Cloud Cover
Evening Star formation
Potential for Three Black Crows if the trend persists
📉 Target Zones (if neckline breaks):
$2,940 (next key liquidity level)
$2,790 (major zone aligning with long-term support)
🧠 Key Watch Level:
If price breaks and closes below $3,201 with momentum, we could see a stronger move down. If it holds, a retest of the neckline around $3,240–$3,280 is likely.
💬 "It’s not just about how long you've been trading—it’s about knowing how to read the structure. Candlesticks leave clues."
Following closely. Updates to come.
#XAUUSD #Gold #TradingView #TechnicalAnalysis #CandlestickPatterns #MarketReversal #GoldForecast #PriceAction
Penafian
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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.