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!
Trade attivo
Trade chiuso: obiettivo raggiunto
✅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
Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
✅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
Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.