Gold Spot (XAUUSD) 4H Chart Analysis
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Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
Transaction en cours
Target 1, /2617 Reached Succefull looking for target 2, /2605 Gold Can Fall MoreTrade fermée: cible de profit atteinte
target 2 reached price around 2608 e can closs all and ait foor ne entry
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