Gold’s Double Trouble: Will the Bounce Hold or Break Below?#Gold hit a double top after a parabolic rally, topping at 4380.99 and 4381.44 , forming a classic M-pattern . Breakdown below 4185.91 confirmed the bearish structure, and price nearly completed the pattern target by testing the long-term ascending trendline , leading to a technical bounce.
👀 Now, all eyes are on the key zones:
🔸 Critical Resistance: 4185.91 – 4205.12
🔸 Critical Support: 3944.435 (green line)
📉 Break below the support (4HCB) could trigger further bearish continuation .
📈 Break above the resistance zone (4HCB) could open doors to retest All-Time Highs (ATH) .
🧭 These are your trend-deciding levels – stay sharp!
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📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
