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Double Top or Bottom

#XAUUSD/H4 Model 2 peaks appear, gold's correction rhythmAnalysis of the gold trend in the Asia-Europe session on 14/08/2024: After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern. However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area. Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434. Recommended orders: Plan 1: SELL XAUUSD zone 2473 - 2475 SL 2479 TP 2468 - 2458 - 2445. Plan 2: BUY XAUUSD zone 2444-2447 SL 2441 TP 2455 - 2468 - 2485 - 2509. Plan 3: BUY XAUUSD zone 2430-2433 SL 2427 TP 2444 - 2458 - 2468 - 2509.
FX:XAUUSD
by wetdyerap
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
OANDA:XAUUSDLong
by sabellaFX
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone. + Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.7419 Stop Loss: 1.1308 ------------------------------ Target 1: 2.0901 Target 2: 2.5828 Target 3: 3.1821 Target 4: 4.6493 Target 5: 6.4239 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:SAGA2USDLong
by VectorAlgo