XAU/USD Weekly Roadmap: Key Levels & Trade Setups for Next Move!
🔻 XAU/USD Bearish Setup – Double Top Rejection! 📉
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
🔹 Gold Spot (XAU/USD) – 2H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,920
🎯 Target 2: $2,907
🛑 Stop Loss: Above $2,950
📌 Key Insights:
❌ Double Top Formation:
Price has rejected a key resistance zone twice, indicating a strong bearish signal.
A potential lower high has formed, reinforcing downside pressure.
📉 Bearish Momentum & Liquidity Zones:
Price is targeting key liquidity pools below recent swing lows.
The break of structure (BoS) confirms sellers are in control.
🚨 Risk Management:
A breakout above $2,950 could invalidate the bearish setup, signaling a possible bullish continuation.
If the pattern holds, Gold could drop to $2,920 - $2,907 in the coming sessions.
📢 Are you shorting XAU/USD? Let me know in the comments! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #BearishSetup #DoubleTop 🚀🔥
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.
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.