Gold forming potential bearish reversal pattern specifically after breaking a certain resistance zone near 3057. If the price drops below the neckline at 3030, it could confirm the pattern, signalling further downside potential.
Key Support (Neckline): 3030 — if broken, it might trigger further bearish movement.
Potential Targets:
1st Target 3026
2nd Target 3010
3rd Target 2990
If this pattern plays out, you’re looking for confirmation of the break at 3030, and from there, gold could continue to weaken, targeting the levels you've mentioned. Keep an eye on the price action at key levels for any signs of reversal or confirmation of the pattern.
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Key Support (Neckline): 3030 — if broken, it might trigger further bearish movement.
Potential Targets:
1st Target 3026
2nd Target 3010
3rd Target 2990
If this pattern plays out, you’re looking for confirmation of the break at 3030, and from there, gold could continue to weaken, targeting the levels you've mentioned. Keep an eye on the price action at key levels for any signs of reversal or confirmation of the pattern.
if you like this idea please support my work and fallow thanks for Love.
Trade closed: target reached
1st and 2nd Target done.
Trade from 3047 to 3000 470 Pips Done.
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Join my Telegram channel
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t.me/+SFFwl7TAPDhkZDA0
Contact For Learning
t.me/GOLDFREESIGNALS134
Related publications
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.