XAUUSD | BEAR | Double top
The 4H chart has DT pattern, the neckline is about to break.
The target of the DT pattern and 4H support(zone drawn in blue) both are same level(1948.64)
In case a Daily candle closes below 1981.71 that's a raising wedge breakout in daily, for few days can expect fall in gold.
The target of the DT pattern and 4H support(zone drawn in blue) both are same level(1948.64)
In case a Daily candle closes below 1981.71 that's a raising wedge breakout in daily, for few days can expect fall in gold.
Trade active
Neckline has broke.the trend in 4H is BEAR.
the target from the current market price is roughly (
20, 2000 pips), my suggestion would be to go with the trend, looks for short trades at the timeframes lower than 4H.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.