XAU/USD Price Forecast – Double Top Breakdown!

5 days ago

Gold (XAU/USD) has formed a Double Top pattern at the peak of an uptrend, signaling a potential bearish reversal. With price approaching a neckline & EMA 200 breakdown, a 1,400-pip move could be on the way! 🚀

📊 Technical Analysis:

✅ 🔻 Double Top Pattern – Strong bearish reversal signal
✅ 📉 Neckline Breakdown Approaching – Key level to confirm selling pressure
✅ 📊 EMA 200 Test – If broken, expect further downside momentum

🎯 Target Levels:

📌 1,400 Pips Target – Strong bearish potential

📢 Trading Strategy:

🔹 Wait for a confirmed neckline & EMA 200 break before entering
🔹 Ensure strong bearish momentum & volume for confirmation
🔹 Set stop-loss above the neckline to manage risk

📉 Gold is preparing for a major move—trade smart & ride the trend! 💰🔥

📌 Like, comment & follow for more updates! 🔔🚀

4 days ago

Trade active

🚀 XAU/USD Trade Update – Retest Completed, Time to Trade! 📉🔥

Gold (XAU/USD) has successfully retested the 2892 level, confirming the breakout and setting up for a strong move. With the market showing momentum, it’s time to trade and hold positions for the next targets. 💰

📊 Technical Analysis:

✅ 🔻 Retest at 2892 – Price has confirmed support after the breakout
✅ 📉 Bearish Momentum Building – Potential for further downside
✅ 📊 EMA 200 Confirmation – Price is respecting trend direction

📢 Follow the trend, manage risk & secure profits! 🚀