Gold (XAU/USD) Double Top Pattern – High Probability Trade Setup📌 Overview of the Chart:
This 4-hour timeframe chart of Gold Spot (XAU/USD) highlights a Double Top pattern, one of the most reliable bearish reversal signals in technical analysis. The price has tested a strong resistance zone twice (Top 1 & Top 2) but failed to break above, suggesting that bullish momentum is weakening and a possible trend reversal is imminent.
This setup provides an excellent opportunity for a short (sell) trade, provided the price confirms the pattern by breaking below the neckline. The potential downside targets are marked as TP1 ($2,983) and TP2 ($2,938), with a stop loss placed above resistance ($3,056) to manage risk effectively.
📌 Key Chart Patterns & Market Dynamics
1️⃣ Double Top Pattern – The Bearish Reversal Signal
The Double Top pattern occurs when:
✅ The price reaches a resistance zone and gets rejected (Top 1).
✅ It then retraces downward to find support at the neckline.
✅ The price makes another attempt to push higher but fails at the same resistance level (Top 2).
✅ A break below the neckline confirms the bearish trend, as buyers lose strength and sellers take control.
🛑 Why is this pattern important?
The failure of buyers to push beyond resistance shows that sellers are dominating. This creates a psychological shift in the market, making traders and institutions more likely to sell aggressively once the neckline is broken.
2️⃣ Resistance Level – The Rejection Zone
🔵 Price Level: $3,050 – $3,056
🔵 Role: Key supply area where sellers are strong
🔵 Market Impact: Strong rejections at this level indicate that big players (institutions) are offloading positions, leading to bearish momentum.
Why Does This Matter?
📌 If the price breaks above this level, it would invalidate the bearish setup, leading to potential further upside.
📌 This is also why we place our Stop Loss above this level—to protect against unexpected bullish breakouts.
3️⃣ Neckline Support – The Breakout Zone
🔻 Price Level: Around $3,020
🔻 Role: The last line of defense for buyers before a bearish breakout
🔻 Market Impact: If this level is breached, it confirms the Double Top pattern, leading to a sharp decline.
📌 A confirmed break of the neckline is the ideal point for traders to enter a short (sell) position, targeting lower price levels.
4️⃣ Key Take Profit (TP) Targets – Where Price Might Drop
🎯 TP1 – $2,983:
This level is a minor support zone where price may temporarily pause before further decline.
Conservative traders may choose to secure profits here.
🎯 TP2 – $2,938:
A stronger historical support zone, making it a high-probability target for a full bearish move.
More aggressive traders may hold positions until this level.
📌 Why These Levels?
These targets align with Fibonacci retracement zones and previous market structure, increasing the likelihood of a reaction at these points.
5️⃣ Stop Loss – Managing Risk Like a Pro
Placement: Above the resistance zone at $3,056
Reason: If price breaks above resistance, it invalidates the bearish thesis, meaning we need to exit the trade.
Risk-Reward Ratio:
TP1: ~2:1
TP2: ~3.5:1
A good risk-reward setup, ensuring a profitable edge over multiple trades.
📌 Trading Strategy & Execution Plan
📉 Bearish (Sell) Setup:
1️⃣ Wait for confirmation – Price must break below the neckline ($3,020) before entering a short trade.
2️⃣ Sell Entry: On a confirmed break and retest of the neckline.
3️⃣ Stop Loss: Above the resistance zone ($3,056).
4️⃣ Take Profit Targets:
TP1 ($2,983) – First profit level.
TP2 ($2,938) – Secondary target for deeper decline.
📌 Optional Confirmation:
Look for bearish candlestick formations (e.g., Bearish Engulfing, Shooting Star, or Doji) near resistance or after a neckline breakout.
Monitor RSI/MACD for bearish divergence, confirming weakening momentum.
📌 Market Psychology Behind This Pattern
1️⃣ First Peak (Top 1): Buyers push the price up, but sellers step in at resistance and force a pullback.
2️⃣ Pullback to Neckline: Some buyers re-enter, believing the uptrend will continue.
3️⃣ Second Peak (Top 2): Price attempts another rally but fails at the same resistance, showing buyers' exhaustion.
4️⃣ Break of the Neckline: Sellers take full control, leading to a high-momentum sell-off.
📌 Key Takeaway:
💡 The Double Top is a trader’s favorite because it reflects a real psychological shift in market sentiment—from greed (buyers) to fear (sellers).
📌 Final Verdict – High Probability Trade Setup
✅ Double Top formation confirms a bearish trend reversal.
✅ Strong resistance & multiple rejections signal seller dominance.
✅ Clear risk management strategy (Stop Loss & TP Levels).
✅ Waiting for neckline break ensures a high-probability entry.
🚀 Watch this setup carefully! If the neckline breaks, GOLD could experience a sharp decline! 📉🔥
🔍 Pro Tips for Smart Traders
💡 Don’t rush into a trade! Wait for a solid break and retest of the neckline for confirmation.
💡 Monitor volume: A strong breakout should be accompanied by increasing volume for validation.
💡 Use confluence: Combine with other indicators (RSI, MACD, EMA) to increase accuracy.
🔥 What’s Your Take on This Setup? Will You Trade It? Let Me Know in the Comments! 🚀
Fundamental Analysis
Trade Idea: US30 Long ( BUY LIMIT ) Technical Analysis:
1. Daily Chart (Long-Term View):
• The price has recently pulled back but remains in a long-term uptrend.
• The MACD is negative, indicating past selling pressure, but it is starting to turn, which suggests momentum may shift bullish.
• The RSI is at 47.54, close to neutral, meaning there is room for upside movement without being overbought.
2. 15-Minute Chart (Intraday Trend):
• The price is recovering after a dip.
• MACD is deeply negative, suggesting it may be at a bottom, and a reversal could happen.
• The RSI at 48.27 is near neutral, indicating a potential bullish move.
3. 3-Minute Chart (Entry Timing):
• A small uptrend has started, and the price is crossing above the short-term moving average.
• The MACD is turning positive, signaling a potential bullish push.
• RSI is above 50 (56.24), confirming strength in the short term.
⸻
Fundamental Analysis:
• Market sentiment remains bullish overall for US indices due to strong economic data.
• Dow Jones remains in an uptrend on the higher timeframes, and recent dips are likely just corrections before another push higher.
• Liquidity conditions and central bank policy support equities.
⸻
Trade Setup:
Entry: 42,400 (current price area where price is stabilizing)
Stop Loss (SL): 42,250 (below recent support, keeping risk low)
Take Profit (TP): 42,800 (previous resistance level) FUSIONMARKETS:US30
Gold Market Wedges Through 3052 – Eyes on Unemployment ClaimsGold market surged past 3052, mitigating the serenity of the previous high. Traders, keep a close watch on upcoming unemployment claims, which could trigger an imbalance takeout around the 3040s through 3030s. Market sentiment remains key as price action unfolds. follow for more insights , comment for more and boost idea
Gold Market Wedges Through 3052 – Eyes on Unemployment ClaimsGold market surged past 3052, mitigating the serenity of the previous high. Traders, keep a close watch on upcoming unemployment claims, which could trigger an imbalance takeout around the 3040s through 3030s. Market sentiment remains key as price action unfolds. follow for more insight , comment , and boost idea
XAU/USD - H1 Chart - Trendline Breakout (27.03.2025)The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3051
2nd Resistance – 3065
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Bitcoin Price Outlook: Bullish Breakout or Bearish Dip Ahead?Hey there, crypto enthusiasts! Bitcoin’s sitting at a crossroads right now. If we smash through that 87,678 resistance, we could be in for an exciting ride up to 90K or beyond—bullish vibes all the way! But, if the momentum fizzles and we keep sliding into lower lows, I’m eyeing a consolidation zone between 85,400 and 84K. What do you think—ready for a breakout, or bracing for a dip? Let’s chat about it!
Kris/Mindbloome Exchange
LAST DROP BEFORE ACCUMULATION??25 March 2025
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Research was conducted by gathering all the data from various resources .NFA.
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Reports
Despite the recent rebound from the $77,000 level, Bitcoin (BTC) appears unable to sustain its price momentum as of March 25, 2025. The $88,200 resistance level continues to pose a significant barrier for BTC, notwithstanding the robust price action observed on the weekly candlestick chart. Technical analysis suggests that BTC may lose its current foothold and potentially decline to the $72,000 and $68,000 levels, which have historically served as more favorable zones for accumulation and establishing long positions among futures traders.
On a positive note, on-chain data as of March 13, 2025, indicates that asset managers have begun increasing their investments in the cryptocurrency market. However, this optimism is tempered by prevailing challenges in geopolitics and the global economy, which are currently struggling to regain growth momentum. This economic uncertainty is reflected in the price of gold (XAU), which continues to rise as of March 25, 2025, and is presently attempting to establish a new all-time high.
In conclusion, while the increased institutional interest signaled by on-chain data provides a cautiously optimistic outlook for BTC, the cryptocurrency market remains vulnerable to broader macroeconomic and geopolitical headwinds. Investors should closely monitor these external factors, as they could significantly influence BTC's ability to break through key resistance levels or, conversely, drive it toward lower support zones in the near term.
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XCO
The only 2 seasons in crypto that matter for success are:The CRYPTOCAP:BTC season and the altcoin season.
We are currently in a CRYPTOCAP:BTC season because the CRYPTOCAP:BTC Dominance is making higher highs and higher lows, so it is smart to hold most of your portfolio in CRYPTOCAP:BTC now.
However, once this changes and CRYPTOCAP:BTC Dominance starts to make lower highs and lower lows, we will be in altcoin season.
Alt szn is where you should still hold a lot of CRYPTOCAP:BTC , but if you have the majority of your portfolio in altcoins for a short time, you won't be punished as much as you are now.
So, in summary, it all depends on CRYPTOCAP:BTC Dominance, and remember that it is on a high time frame only, not a low time frame.
If this helped you, please follow and retweet to spread my wisdom.
NAS100/US100/NQ/NASDAQ Long-Bet Me, Others Sell=I BuyNAS100, US100, NQ, NASDAQ Long for 2 Weeks, it could drop a little forsure because I didn't get bullish confirmation but with my back testing of this strategy, it hits multiple possible take profits atleast TP-1, manage your position accordingly.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Gold (XAU/USD) Bullish Breakout – Trade Setup & Key Levels🔍 Key Observations:
🔹 Trend Line Breakout:
📉⬇️ A downward trend line was broken, signaling a potential bullish reversal.
📈✅ The price has moved above the trend line, confirming the breakout.
🔹 Support & Resistance Zones:
🟦 Support Area: $3,000 - $3,010 (Buy Zone)
🟥 Resistance Area: $3,030 - $3,040 (Sell Pressure)
📊 Trade Setup:
✅ Buy Plan:
🔄 Wait for a pullback to the support zone (🟦 light blue area) before entering.
🎯 Target: $3,056.97 📈🏁
🛑 Stop Loss: $2,999.02 ❌🚨
📈 Indicators & Confirmation:
📊 DEMA (9-period) = $3,026.48 (near the current price, suggesting a neutral-to-bullish trend).
🔥 Conclusion:
🔵 Bullish Setup Active 🚀
⚠️ Wait for price reaction at support before entering.
❌ If price drops below $2,999, the setup is invalidated.
📌 Final Tip: Watch for a bullish candlestick pattern 📊 at support before executing the trade! 🎯
GOLD/XAUUSD SHORT- You are Buy=I AM SELLING GOLD - Bet MeGOLD/XAUUSD Dropping soon for next 1 week - this is best level to short, tomorrow it will drop big and on monday also.
IMPORTANT==> Short is very well, ideally I wanted to use SL = 3112 but this time I am using conventional stoploss because it works for me, you can use SL = 3112. <==
GOLD/XAUUSD Short after Recent Successful long signal where all TP hits, now Gold is already nearly at high, it could drop forsure but with my back testing of this strategy, it has started ranging here, then give good RED CANDLE ON 1 HOUR, 4 HOUR CANDLE RED, then it will drop big, manage your position accordingly.
Hey, be careful, its GOLD not some easy instrument.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
GOLD/XAUUSD SHORT GOLD/XAUUSD Dropping soon for next 1 week - Wait for my confirmation.
GOLD/XAUUSD Short after Recent Successful long signal where all TP hits, now Gold is already nearly at high, it could drop forsure but with my back testing of this strategy, it has started ranging here, then give good RED CANDLE ON 1 HOUR, 4 HOUR CANDLE RED, then it will drop big, manage your position accordingly.
Hey, be careful, its GOLD not some easy instrument.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Trend Reversal With Low Demand Natural Gas Outlook: Bearish signals dominate NATGAS with a Head & Shoulders pattern, Shooting Star, and Bearish Engulfing on the chart.
Technical Indicators: RSI is declining, and MACD shows bearish momentum, supporting further downside.
Weather Impact: The UK forecast for the next two weeks shows mixed conditions—initial sunshine but turning unsettled with rain and wind.
Heating Demand: Temperatures will range between 2°C and 13°C, potentially affecting natural gas consumption.
March 28-31: Breezy conditions with low clouds and occasional showers, possibly moderating demand.
Market Reaction: UK NATGAS price projections show stability around 58.2 on March 28 and 57.7 on March 31.
Key Resistance & Support: Watch $4.00 resistance and $3.60 support for potential breakouts.
Bearish Confirmation: If price closes below $3.80, further downside towards $3.50 could be expected.
Fundamental Factors: Geopolitics and supply dynamics still play a major role in volatility.
Risk Management: Monitor weather updates and gas storage reports for potential reversals.
Short-Term Traders: Bearish entries could target $3.60 with tight stop losses above $4.00.
Long-Term Investors: May look for buying opportunities near strong support zones.
Caution: Unexpected cold snaps or supply disruptions could invalidate bearish scenarios.
Stay Updated: Keep track of weather forecasts and fundamental changes impacting demand/supply.
Not Financial Advice: Do your own research before trading.
Bitcoin’s Next Move: Falling to $79K?This detailed technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe highlights a Rising Wedge pattern, key support and resistance levels, a trade setup, and projected price movements. The chart suggests a bearish breakdown, and traders can use this analysis to make informed decisions.
1. Understanding the Chart Pattern – Rising Wedge Formation
A Rising Wedge is a bearish reversal pattern that occurs when the price moves upwards within two converging trendlines. The slope of the lower trendline is steeper than the upper trendline, indicating weaker bullish momentum and an increasing probability of a downside breakdown.
📌 Key Observations:
The black solid trendlines outline the wedge pattern.
The price action remained inside this wedge from March 11 to March 26, 2025.
A breakdown has now occurred, confirming bearish momentum.
🔺 Why is this Bearish?
Rising Wedges are considered distribution patterns, meaning buyers are losing strength, and sellers are gradually taking control.
The price fails to make aggressive new highs and instead grinds upward weakly.
Once support is broken, a strong sell-off usually follows.
2. Key Chart Levels – Support & Resistance Zones
🔵 Resistance Level (Upper Bound of Wedge & Supply Zone)
The red arrow marks a strong rejection at $88,500 - $89,000, which acted as a major resistance level.
This zone has seen multiple failed breakout attempts, signaling that sellers dominate this area.
Stop-losses for short trades should be placed above this resistance zone.
🟢 Support Level (Lower Bound of Wedge & Demand Zone)
The wedge's lower boundary previously acted as strong support until it was breached.
The blue highlighted box represents a demand zone around $81,000, where buyers previously stepped in.
Losing this level could trigger a much stronger bearish move.
3. Breakdown Confirmation & Trading Setup
With the wedge broken to the downside, we now look for a confirmed bearish setup to enter a trade.
📉 Bearish Confirmation:
✅ The price broke below the wedge’s lower boundary, signaling a reversal.
✅ A retest of the broken wedge trendline confirms the breakdown.
✅ The price is now showing lower highs and lower lows, indicating a new bearish trend.
🎯 Trade Setup – How to Play This Move?
🔴 Entry for Short Position:
Enter short between $86,900 - $87,200 after confirming a rejection at the broken trendline.
🔵 Stop Loss:
Place a stop-loss above $89,282 to protect against a fakeout.
If BTC closes back inside the wedge, the short setup is invalidated.
🟢 Target 1: $81,000 – This is a key demand zone, and price might temporarily bounce here.
🟢 Target 2: $79,031 – This is the next strong support level, making it a final bearish target.
⚠ Risk Management Note:
Adjust position size based on risk tolerance.
Be mindful of short squeezes (where price temporarily spikes before continuing lower).
4. Expected Price Movement – Bearish Projection
🔮 The dashed black lines on the chart indicate a likely price pathway:
1️⃣ A breakdown below the wedge, followed by a minor retest of the broken trendline.
2️⃣ A continuation toward $81,000 (support level).
3️⃣ A small bounce before further decline.
4️⃣ The price reaching the final target of $79,031, where buyers may start accumulating again.
📌 If Bitcoin breaks below $81,000 with high volume, the bearish trend will likely accelerate.
5. Market Psychology & Trading Strategy
📌 Why This Setup Makes Sense?
The market exhibited exhaustion at the top of the wedge.
The break-and-retest confirms seller dominance.
The lower highs & lower lows show bearish momentum.
🚀 Alternative Bullish Scenario?
If BTC reclaims the wedge and breaks above $89,000, then the bearish setup is invalid.
A close above $89,500 would signal strong buying pressure and potential bullish continuation.
6. Conclusion – What to Watch Next?
🔎 Key Points to Monitor:
✔ Retest & rejection at $87,000 – $88,000 (confirming bearish momentum).
✔ Break of $81,000 to signal continuation toward the target.
✔ Stop-loss protection above $89,000 to manage risk.
📊 Final Thoughts:
The Rising Wedge breakdown suggests a shift from bullish to bearish sentiment.
This is a high-probability short trade with well-defined entry, stop-loss, and targets.
Traders should wait for price action confirmation before entering trades.
Would you like any refinements, or do you need further trade ideas? 🚀📉
The Truth About Trendlines: Are You Drawing Them Wrong?If your trendlines look like a toddler took a crayon to your chart, we need to talk. Or if you draw them so much that your chart looks like a spider web, we still need to talk.
Trendlines are one of the most abused, misinterpreted, and downright misused tools in technical analysis. Used correctly, they can give you a structured view of market direction, potential reversals, and areas of interest.
Used incorrectly? Well, they can be your fast lane to bad trades, broken accounts, and questioning your life choices.
So, are you drawing them wrong? Let’s find out.
📞 A Trendline Is Not Your Emotional Support Line
This is big because it happens virtually every day across the charts. When a trade is going south, it’s tempting to adjust your trendline just to make your setup look valid again. That’s not technical analysis—that’s denial. A proper trendline should connect clear pivot highs or lows, not be forcefully manipulated to fit a bias.
Traders do this all the time. Price action no longer respects their original line, so they just… move it. As if shifting the goalposts somehow changes reality. It doesn’t. If your trendline gets broken, respect the price action and get out, don’t adjust the line because you risk dragging your account deeper in losses.
🤝 Two Points Make a Line—But Three Make It Real
Here’s where most traders mess up. They draw a trendline the moment they see two points connecting. Sure, two points technically make a line, but two random highs or lows do not make a valid trend.
A legitimate trendline should be tested at least three times to confirm that price actually respects it. Until then, it’s just a hopeful hypothesis. But we gotta give it to the early spotters — yes, if you see two points, pop open a trade and it pans out nicely, then you’ve chomped down on the good grass before the other animals.
The more times price touches and respects the trendline, the stronger it is but the risk of it getting overcrowded increases. Anything less than three touches? You’re basically trading off a hunch with a potentially higher risk-reward ratio.
⚔️ Wicks, Bodies, or Both? The Great Debate
Should you draw trendlines through candle wicks or just use the bodies of the candlesticks ? If you’ve spent any time in trading communities, you’ve probably seen this debate get heated enough to break friendships.
Here’s the deal:
If you’re trading short-term price action, drawing trendlines using candle bodies makes sense because it reflects where most of the market agreed on price.
If you’re looking at major trends, wicks matter because they show extreme liquidity zones where prices actually reached before snapping back.
⛑️ Steep Trendlines Are a Disaster Waiting to Happen
If your trendline looks more like a vertical cliff than an actual slope, you might want to reconsider its validity. The steeper the trendline, the less reliable it is.
A proper trendline should represent a natural flow of zigging and zagging price action. If it’s moving up too aggressively, it’s usually unsustainable. That’s why parabolic runs tend to end with painful crashes—what goes up too fast typically comes down even faster.
If your trendline is forming an angle sharper than 45 degrees , be careful. Sustainable trends don’t need a rocket launch trajectory to prove their strength.
🌊 One Chart, One Trendline (or Two)—Not Ten
Some traders draw so many trendlines that their charts get lost under the weight of too many lines. If you need to squint to see price action through the mess of lines, you’re doing too much.
Here’s a golden rule in drawing trendlines: less is more. Trendlines should highlight key structures, not overwhelm you with information. If you find yourself drawing trendlines at every minor high and low, take a step back. A clean chart is a tradable chart and one or two trendlines are usually enough to help uncover price direction.
🚩 Breakouts Aren’t Always Breakouts
One of the biggest mistakes traders make is assuming that when the price breaks a trendline, it’s an instant reversal signal. It’s not.
Markets (or well-trained algos) love to fake out emotional traders. Just because price dips below your uptrend line doesn’t mean the trend is over—it could just be a temporary pullback or liquidity grab (stop-loss hunting?) before continuing in the original direction.
Always wait for confirmation. A proper breakout should come with:
Increased volume (to validate the move)
Retest of the broken trendline (flipping from support to resistance, or vice versa)
Clear follow-through (not just a single candle wick that breaks and snaps back)
The market loves tricking traders into premature entries or exits. Don’t fall for it—instead, use some technical backup like looking for a double top, a head and shoulders or some other popular chart pattern .
☝️ The Only Trendline That Matters? The One The Market Respects
At the end of the day, trendlines are just tools—guides to help you structure price action. They’re not magical indicators. They don’t necessarily predict the future. They simply help visualize market tendencies.
If price constantly breaks through your trendline and ignores it, guess what? It’s not a valid trendline. The best traders don’t force a narrative—they adjust their view based on what the price is actually doing.
So next time you find yourself drawing, adjusting, or forcing trendlines into existence, ask yourself: Am I analyzing the market, or just trying to make myself feel better? Because the market isn’t wrong—so better check your trendlines twice.
Now off to you—are you using trendlines in your charts and do you wait for the third point to connect before moving in? Share your experience in the comment section!
Snow White's very low ratings - Bullish Disney stock ?The SnowWhite IMDB rating can't get any worse - could the same be said of Disney stock?
Price is the ultimate proof but buying the shares of a well established company when sentiment is at a low point can be a fruitful endevour.
The poor box office showing + very weak ratings for Snow White - maybe a contrarian buy signal ?
A) The stock is attempting a long term double bottom via is 2020 + 2023 lows
B) A breakout over the downtrend line (orange) could confirm a bullish trend change
Bottom of the ratings ➡️ Bottom in the stock? NYSE:DIS
Gold Market Bulls Hold Strong After 3002 MitigationGold market maintains its bullish momentum after mitigating the imbalance at 3002. With strong buy-side pressure, price action remains firm as bulls look to wedge up towards 3052 from the current 3022 level. Market sentiment continues to favor an upward push as the structure holds steady , follow for more insight , comment , and boost idea
Gold Market Pushes Higher Towards 3052Gold market surges through 3032, maintaining its bullish momentum as it eyes further wedge sweeps through 3045-3052. With strong buying pressure in play, price action remains poised for higher levels, continuing the bullish trend.Will gold break past 3052 and set new highs? Stay tuned! follow for more insights, comment , and boost idea