Hello, traders!
Gold just hit a New Record High at $3,976.3/oz. However, immediately after, the market witnessed a clear structure break and the formation of a Double Top pattern in the European session. This strongly signals a shift in strategic priority.
Fundamentals & Bias Reversal
Core Drivers: Gold is up 50% YTD due to persistent Fed rate cut expectations (two more cuts projected) and severe global political instability (US Shutdown, France crisis, rising Japanese yields).
Technical Bias: We are now prioritizing SELL due to the confirmed Double Top and structure breakdown. Only consider BUYs at deeper support zones with controlled risk.
Key Price Levels:
Resistance: $3953, $3975, $3984, $4004
Support: $3942, $3931, $3910, $3899
Trading Strategy (Prioritize SELL):
SELL SCALP: $3957 - $3959
SL: $3963
TPs: $3953, $3948, $3943, $3938, $3933
SELL ZONE: $3975 - $3977
SL: $3985
TPs: $3967, $3957, $3947, $3937, $3927
BUY ZONE 1 (Wait): $3931 - $3929
SL: $3921
TPs: $3939, $3949, $3959, $3969, $3979
BUY ZONE 2 (Deeper): $3899 - $3897
SL: $3889
TPs: $3907, $3917, $3927, $3937, $3947
Will the Double Top send Gold back toward $3900? Let me know your thoughts! 👇
#Gold #XAUUSD #ATH #TechnicalAnalysis #DoubleTop #SELL #Fed #TradingView
Gold just hit a New Record High at $3,976.3/oz. However, immediately after, the market witnessed a clear structure break and the formation of a Double Top pattern in the European session. This strongly signals a shift in strategic priority.
Fundamentals & Bias Reversal
Core Drivers: Gold is up 50% YTD due to persistent Fed rate cut expectations (two more cuts projected) and severe global political instability (US Shutdown, France crisis, rising Japanese yields).
Technical Bias: We are now prioritizing SELL due to the confirmed Double Top and structure breakdown. Only consider BUYs at deeper support zones with controlled risk.
Key Price Levels:
Resistance: $3953, $3975, $3984, $4004
Support: $3942, $3931, $3910, $3899
Trading Strategy (Prioritize SELL):
SELL SCALP: $3957 - $3959
SL: $3963
TPs: $3953, $3948, $3943, $3938, $3933
SELL ZONE: $3975 - $3977
SL: $3985
TPs: $3967, $3957, $3947, $3937, $3927
BUY ZONE 1 (Wait): $3931 - $3929
SL: $3921
TPs: $3939, $3949, $3959, $3969, $3979
BUY ZONE 2 (Deeper): $3899 - $3897
SL: $3889
TPs: $3907, $3917, $3927, $3937, $3947
Will the Double Top send Gold back toward $3900? Let me know your thoughts! 👇
#Gold #XAUUSD #ATH #TechnicalAnalysis #DoubleTop #SELL #Fed #TradingView
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Disclaimer
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Join Jeremy_NPC's FREE Telegram Now! 🚀
🎯 8–12 FREE scalping signals daily
📈 Accurate Forex & Gold charts
💰 30–50% monthly profits, 300–1000 pips/day
t.me/+1aSqbdspbEdkYjU9
👉 Level up your trading!
🎯 Lock. Aim. Profit!
🎯 8–12 FREE scalping signals daily
📈 Accurate Forex & Gold charts
💰 30–50% monthly profits, 300–1000 pips/day
t.me/+1aSqbdspbEdkYjU9
👉 Level up your trading!
🎯 Lock. Aim. Profit!
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.