Gold Analysis==>>Adam & Adam Double Top Pattern

Aug 28, 2024

Gold failed to form a new All-Time High (ATH) at the beginning of the week.

Gold has successfully formed the Adam & Adam Double Top Pattern in the Potential Reversal Zone (PRZ)($2,539-$2,515) and breaking the Support lines.

Credit terms of Adam & Adam Double Top Pattern:

🔸The Adam & Adam Double Top Pattern has the most credibility among the Double Top Patterns after the Eve & Eve Double Top Pattern.

🔸Regular Divergence(RD-) between two Tops.

🔸The slope of the second top is higher than the slope of the first top towards the Neckline.

I expect Gold to decline to at least the target of the double top pattern and attack the lower support line.

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

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Aug 28, 2024

Trade active

Trade was activated

Aug 29, 2024

Note

Still valid

Sep 3, 2024

Trade closed: target reached

✅Target Done✅