xauusd 30m chart pattern

14 Nis

This chart shows a clear bearish price action for Gold (XAUUSD) on the 30-minute timeframe. Here’s a breakdown of the setup:

Pattern: The orange circles and zigzag lines highlight a double top pattern, indicating potential bearish reversal signals.

Support line (around 3,212 USD): This is the key level to watch for a bounce or a breakdown.

Stop Loss (around 3,236 USD): Positioned just above the recent swing highs, to limit losses if price reverses upward.

Take Profit (around 3,212 USD): Targeting the next major support zone for a short trade.


Current Price: 3,224.78 USD — it’s already moving downward toward the take profit zone.

Trade Setup:

This looks like a short (sell) position.

Entry likely happened after the

14 Nis

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