Gold (XAU/USD) has formed a Double Top pattern at the peak of an uptrend, signaling a potential bearish reversal. With price approaching a neckline & EMA 200 breakdown, a 1,400-pip move could be on the way! 🚀
📊 Technical Analysis:
✅ 🔻 Double Top Pattern – Strong bearish reversal signal
✅ 📉 Neckline Breakdown Approaching – Key level to confirm selling pressure
✅ 📊 EMA 200 Test – If broken, expect further downside momentum
🎯 Target Levels:
📌 1,400 Pips Target – Strong bearish potential
📢 Trading Strategy:
🔹 Wait for a confirmed neckline & EMA 200 break before entering
🔹 Ensure strong bearish momentum & volume for confirmation
🔹 Set stop-loss above the neckline to manage risk
📉 Gold is preparing for a major move—trade smart & ride the trend! 💰🔥
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