This chart shows a clear bearish price action for Gold (XAUUSD) on the 30-minute timeframe. Here’s a breakdown of the setup:
Pattern: The orange circles and zigzag lines highlight a double top pattern, indicating potential bearish reversal signals.
Support line (around 3,212 USD): This is the key level to watch for a bounce or a breakdown.
Stop Loss (around 3,236 USD): Positioned just above the recent swing highs, to limit losses if price reverses upward.
Take Profit (around 3,212 USD): Targeting the next major support zone for a short trade.
Current Price: 3,224.78 USD — it’s already moving downward toward the take profit zone.
Trade Setup:
This looks like a short (sell) position.
Entry likely happened after the
Pattern: The orange circles and zigzag lines highlight a double top pattern, indicating potential bearish reversal signals.
Support line (around 3,212 USD): This is the key level to watch for a bounce or a breakdown.
Stop Loss (around 3,236 USD): Positioned just above the recent swing highs, to limit losses if price reverses upward.
Take Profit (around 3,212 USD): Targeting the next major support zone for a short trade.
Current Price: 3,224.78 USD — it’s already moving downward toward the take profit zone.
Trade Setup:
This looks like a short (sell) position.
Entry likely happened after the
Trade active
trade active 
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
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t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.
📲 Join telegram channel free ..
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.