XAUUSD
The pivot point for GOLD is currently identified at 2323, indicating a critical level for market sentiment. Additionally, the formation of a triple top pattern further reinforces the bearish outlook. This pattern typically suggests a significant resistance level, with three consecutive peaks at approximately the same price level, signaling a potential reversal from bullish to bearish momentum.
Trade closed: target reached
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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.