Mahtab_Tradia

XAUUSD Reversal Pattern?

Short
FX:XAUUSD   Or / Dollar Américain
As you see in the 1H time frame, price is struggling to break the red resistance zone but it has been rejected twice in the past.

Currently, price is between the resistance and support area. It seems like it is making a bearish reversal triple top pattern.

We can see bears are getting stronger and bullish candles are getting weak with long upped rejections.

If price breaks the neckline zone (yellow support area around 1811) and closes a strong bearish candle below this zone, we can expect a reversal move and a drop on XAUUSD to the green levels at 1806.50 and 1800.

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.