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XAUUSD up words breakdown double top pattern

205
XAUUSD Analysis by Livia

Gold has broken down the uptrend line with a strong bearish candle on the 1H timeframe — clear sell pressure in the market.

Current Plan:

Waiting for retracement towards the resistance level at #3366 for a perfect sell entry.

Technical Targets:

1st Target: #3293

2nd Target: #3263

3rd Target: #3194

4th Target: #3162

Final Target: #2977


Additional Confirmations:

#Double Top formation supports further selling pressure.

#DEMA support has been broken down, adding to the bearish momentum.

#Conclusion:
Looking for strong sell setups after retracement. Stick to your risk management!

#Like #share #comment #follow
Not
if it has retracement the resistance than confirm sell
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