Gold Analysis==>>Adam & Adam Double Top Pattern

28 août

Gold failed to form a new All-Time High (ATH) at the beginning of the week.

Gold has successfully formed the Adam & Adam Double Top Pattern in the Potential Reversal Zone (PRZ)($2,539-$2,515) and breaking the Support lines.

Credit terms of Adam & Adam Double Top Pattern:

🔸The Adam & Adam Double Top Pattern has the most credibility among the Double Top Patterns after the Eve & Eve Double Top Pattern.

🔸Regular Divergence(RD-) between two Tops.

🔸The slope of the second top is higher than the slope of the first top towards the Neckline.

I expect Gold to decline to at least the target of the double top pattern and attack the lower support line.

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

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Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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28 août

Transaction en cours

Trade was activated

29 août

Note

Still valid

3 sept.

Trade fermée: cible de profit atteinte

✅Target Done✅