Gold Forming Potential Double Top – Watch for Bearish Reversal

19 May

Gold (XAUUSD) is showing signs of a potential double top formation near the 3,240 resistance zone, aligning with an M-shaped pattern. The chart suggests bearish momentum if price gets rejected from this resistance. Key downside targets are:

First target: 3,205
Second target: 3,177
Final target: 3,120

Watch for confirmation of rejection before entering a sell. A break above the resistance would invalidate this bearish setup.

20 May

İşlem aktif

First target achieved 3205