XAUUSD : Bearish Momentum & Triple Top Formation
Gold continues to decline within a well-defined descending channel, trading around $2,912 at the time of analysis. The market has formed a triple top pattern, indicating potential further downside if the price fails to break above resistance.
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
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✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.