In the H4 time frame, XAU/USD has formed a Double Top pattern, indicating a potential strong downward move. The market is currently in a selling zone around 2882, with an expected technical target of 2824 - 2800, offering a possible 700+ pips opportunity.
📌 Key Levels to Watch: 🔸 Resistance: 2942 🔸 Support Zone: 2875
Traders should monitor price action carefully for confirmation before entering positions. Stay alert and trade wisely! 🚀📊
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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.