Gold (XAU/USD) Technical Analysis: Double Top Rejection & Potent

6 gün önce

This chart is a 1-hour (H1) Gold (XAU/USD)
Key Observations:
Double Top Formation (Bearish Reversal):

Two peaks at the same resistance level (marked with circles at the top).
Strong rejection from this resistance, leading to a downward move.
This suggests the price failed to break above resistance, leading to a decline.
Support Zone (Double Bottom Formation) (Bullish Reversal Possibility):

Price touched the same support level twice (marked at the bottom).
A possible W-shaped pattern (double bottom) forming.
This indicates buyers are defending the level and may push the price higher.
Final Conclusion:
The chart suggests a potential bullish move from support.
Watch for a breakout of the box range to confirm the direction.
Key levels to monitor: $2,925 (Support) and $2,950 (Resistance).

5 gün önce

İşlem kapandı: durdurma seviyesi