Gold Bearish Breakdown After Double Top

Mar 22

The chart shows a clear bearish structure following a **double top formation** near the 4725–4750 resistance zone. After failing to break higher, price respected a descending trendline and moved below the Ichimoku cloud, confirming downside momentum. Strong selling pressure pushed price lower with continuation candles, indicating bearish control.

A minor consolidation formed, but sellers remained dominant, leading to another sharp drop toward key support.

**Target:**
Primary target is around **4400**, marked as the next major support level. Further continuation below this zone could extend the bearish move.

**Bias:**
Bearish continuation unless price breaks and holds above the descending trendline.

Mar 22

Trade active

active

Mar 23

Trade closed: target reached

my given target has been successfully achieved