🔁 Gold's Reversal Watch: 12HR Low Holds Key | Bearish Patterns Surfacing
Post Body:
Gold (
XAUUSD) continues to show increasing signs of exhaustion after tagging the $3,500+ highs, with price action now pressing against the 12HR Low zone around $3,201.
📊 Timeframe Breakdown:
15D/12H: Clear rejection from previous highs, forming lower highs and testing structural lows.
1W/4M: Candle behavior suggests we may be entering the early stages of a reversal. The 4M in particular may close with a strong upper wick—hinting at indecision or a potential pivot.
🕯️ Bearish Candlestick Confirmation:
Comparing current price behavior with textbook patterns, we may be seeing early signs of:
Dark Cloud Cover
Evening Star formation
Potential for Three Black Crows if the trend persists
📉 Target Zones (if neckline breaks):
$2,940 (next key liquidity level)
$2,790 (major zone aligning with long-term support)
🧠 Key Watch Level:
If price breaks and closes below $3,201 with momentum, we could see a stronger move down. If it holds, a retest of the neckline around $3,240–$3,280 is likely.
💬 "It’s not just about how long you've been trading—it’s about knowing how to read the structure. Candlesticks leave clues."
Following closely. Updates to come.
#XAUUSD #Gold #TradingView #TechnicalAnalysis #CandlestickPatterns #MarketReversal #GoldForecast #PriceAction
Post Body:
Gold (
XAUUSD) continues to show increasing signs of exhaustion after tagging the $3,500+ highs, with price action now pressing against the 12HR Low zone around $3,201.📊 Timeframe Breakdown:
15D/12H: Clear rejection from previous highs, forming lower highs and testing structural lows.
1W/4M: Candle behavior suggests we may be entering the early stages of a reversal. The 4M in particular may close with a strong upper wick—hinting at indecision or a potential pivot.
🕯️ Bearish Candlestick Confirmation:
Comparing current price behavior with textbook patterns, we may be seeing early signs of:
Dark Cloud Cover
Evening Star formation
Potential for Three Black Crows if the trend persists
📉 Target Zones (if neckline breaks):
$2,940 (next key liquidity level)
$2,790 (major zone aligning with long-term support)
🧠 Key Watch Level:
If price breaks and closes below $3,201 with momentum, we could see a stronger move down. If it holds, a retest of the neckline around $3,240–$3,280 is likely.
💬 "It’s not just about how long you've been trading—it’s about knowing how to read the structure. Candlesticks leave clues."
Following closely. Updates to come.
#XAUUSD #Gold #TradingView #TechnicalAnalysis #CandlestickPatterns #MarketReversal #GoldForecast #PriceAction
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.