Alpha Forex | XAUUSD Market Strong Bearish Outlook 📉💪

📉 XAUUSD Price Forecast: Bearish Outlook 🌐📊

Traders, significant developments in the XAUUSD charts! 🚨🔍 The market has broken down from the upward channel, experienced a retracement within that channel, and has now formed a double top chart pattern on the daily timeframe. Here's the forecast:

🚨Technical Analysis:
- Breakdown: From the upward channel
- Retracement: Occurred within the channel
- Chart Pattern: Double Top on Daily Timeframe

🎯Technical Targets:
1. Support at 1974
2. Support at 1933

The combination of the breakdown, retracement, and the double top pattern suggests a potential bearish trend. 📉💹

Trade active:

📉 Trade Update: XAUUSD Short Position Activated on Bearish Candle from Resistance Level! 🚨📊

Exciting news, traders! 🌟📈 Your XAUUSD trade has been activated with a short position triggered by a bearish candle from the resistance level.

Wishing you success in your XAUUSD trade! 🌐💹 #XAUUSD

Trade active:

Comment:

TARGET 1996 FOR INTRADAY TRADERS..