XAUUSD Reversal Pattern (Double Top) Bearish Zone Strong..

$FOREXCOM:XAUUSD XAUUSD PRICE FORECAST:

The Gold trendline has experienced a breakdown, and a retracement to the specified level is anticipated. Following the retracement, traders should be vigilant for the formation of a bearish candlestick pattern, indicative of a potential double top chart pattern.

Here's the anticipated sequence:
1. Initial movement from 2074 to 2089 level.
2. Formation of a bearish candlestick, confirming the double top pattern.
3. Subsequent breakdown of the neckline of the double top.

Upon the confirmation of the double top pattern and the neckline breakdown, the target is set at 2036, representing a potential move of 250 pips.

Trade closed: target reached:

Congratulations, everyone! The market has successfully reached our technical targets. The initial move from 2073 to 2079 resulted in a 60 pips profit. After a temporary retracement, we've now reached our ultimate target at 2045. Well done! 🎉🎉

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Trade closed: target reached:

Fantastic news! Our target has been successfully achieved, with the market falling from 2079 to 2036, resulting in a remarkable 430 pips profit. Woohoo! 🎉🎉

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