## 🟡 Gold (XAU/USD) – Between Double Bottom and Double Top: Waiting for Breakout Confirmation
This is a clean multi-hour setup with **two classic reversal patterns** forming in opposite directions.
I’ve highlighted both with color-coded bars for clarity:
- 🖤 **Black bars**: Potential **Double Bottom**
- 🔵 **Blue bars**: Potential **Double Top**
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### 🧠 Structure:
We are now inside a **wide range** between **$3,160 and $3,275** — a zone of **indecision**, where neither side is in control yet.
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### 🟢 Bullish Scenario (Double Bottom):
- Confirmation: **H1 candle close above $3,275**
- Target: **$3,400**
- Rationale: Break above neckline confirms reversal and initiates bullish wave sequence
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### 🔴 Bearish Scenario (Double Top):
- Confirmation: **H1 candle close below $3,140**
- Target: **$3,000**
- Rationale: Failed support turns into resistance, invalidates bullish recovery
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### ⚠️ Neutral Zone (No Trade Zone):
- The range between **$3,160–$3,275** is wide but structurally unclear.
- Best approach: **avoid trading inside the zone** until the market chooses direction.
---
> Trading isn’t about predicting — it’s about preparing for both sides and following structure with discipline.
---
### 🔚 Final Thought:
> Depending on the breakout, gold will either **finally break its downward structure** — or **fall right back into it**.
📊 Which level are you watching first? $3,140 or $3,275?
This is a clean multi-hour setup with **two classic reversal patterns** forming in opposite directions.
I’ve highlighted both with color-coded bars for clarity:
- 🖤 **Black bars**: Potential **Double Bottom**
- 🔵 **Blue bars**: Potential **Double Top**
---
### 🧠 Structure:
We are now inside a **wide range** between **$3,160 and $3,275** — a zone of **indecision**, where neither side is in control yet.
---
### 🟢 Bullish Scenario (Double Bottom):
- Confirmation: **H1 candle close above $3,275**
- Target: **$3,400**
- Rationale: Break above neckline confirms reversal and initiates bullish wave sequence
---
### 🔴 Bearish Scenario (Double Top):
- Confirmation: **H1 candle close below $3,140**
- Target: **$3,000**
- Rationale: Failed support turns into resistance, invalidates bullish recovery
---
### ⚠️ Neutral Zone (No Trade Zone):
- The range between **$3,160–$3,275** is wide but structurally unclear.
- Best approach: **avoid trading inside the zone** until the market chooses direction.
---
> Trading isn’t about predicting — it’s about preparing for both sides and following structure with discipline.
---
### 🔚 Final Thought:
> Depending on the breakout, gold will either **finally break its downward structure** — or **fall right back into it**.
📊 Which level are you watching first? $3,140 or $3,275?
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Declinazione di responsabilità
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.