## 🟡 Gold (XAU/USD) – Between Double Bottom and Double Top: Waiting for Breakout Confirmation
This is a clean multi-hour setup with **two classic reversal patterns** forming in opposite directions.
I’ve highlighted both with color-coded bars for clarity:
- 🖤 **Black bars**: Potential **Double Bottom**
- 🔵 **Blue bars**: Potential **Double Top**
---
### 🧠 Structure:
We are now inside a **wide range** between **$3,160 and $3,275** — a zone of **indecision**, where neither side is in control yet.
---
### 🟢 Bullish Scenario (Double Bottom):
- Confirmation: **H1 candle close above $3,275**
- Target: **$3,400**
- Rationale: Break above neckline confirms reversal and initiates bullish wave sequence
---
### 🔴 Bearish Scenario (Double Top):
- Confirmation: **H1 candle close below $3,140**
- Target: **$3,000**
- Rationale: Failed support turns into resistance, invalidates bullish recovery
---
### ⚠️ Neutral Zone (No Trade Zone):
- The range between **$3,160–$3,275** is wide but structurally unclear.
- Best approach: **avoid trading inside the zone** until the market chooses direction.
---
> Trading isn’t about predicting — it’s about preparing for both sides and following structure with discipline.
---
### 🔚 Final Thought:
> Depending on the breakout, gold will either **finally break its downward structure** — or **fall right back into it**.
📊 Which level are you watching first? $3,140 or $3,275?
This is a clean multi-hour setup with **two classic reversal patterns** forming in opposite directions.
I’ve highlighted both with color-coded bars for clarity:
- 🖤 **Black bars**: Potential **Double Bottom**
- 🔵 **Blue bars**: Potential **Double Top**
---
### 🧠 Structure:
We are now inside a **wide range** between **$3,160 and $3,275** — a zone of **indecision**, where neither side is in control yet.
---
### 🟢 Bullish Scenario (Double Bottom):
- Confirmation: **H1 candle close above $3,275**
- Target: **$3,400**
- Rationale: Break above neckline confirms reversal and initiates bullish wave sequence
---
### 🔴 Bearish Scenario (Double Top):
- Confirmation: **H1 candle close below $3,140**
- Target: **$3,000**
- Rationale: Failed support turns into resistance, invalidates bullish recovery
---
### ⚠️ Neutral Zone (No Trade Zone):
- The range between **$3,160–$3,275** is wide but structurally unclear.
- Best approach: **avoid trading inside the zone** until the market chooses direction.
---
> Trading isn’t about predicting — it’s about preparing for both sides and following structure with discipline.
---
### 🔚 Final Thought:
> Depending on the breakout, gold will either **finally break its downward structure** — or **fall right back into it**.
📊 Which level are you watching first? $3,140 or $3,275?
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.
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.