🔻 XAU/USD Bearish Setup – Double Top Rejection! 📉
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
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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.