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Double Top or Bottom

EURCAD: Another Trend Line Based Opportunity 🇪🇺🇨🇦 EURCAD may continue rising after a test of a solid rising trend line on a daily. A formation of a double bottom pattern accompanied by a bullish Change of Character on an hourly time frame indicates a strong buying interest. Goal - 1.6305 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
5
BNBUSDT: Price Rises Up Slowly, Failed To Break The Support!..Hi traders, BNBUSDT has been ranging up gradually, after it failed to break under the lower zone. there was an assumption of breakdown below this area, based on the chat pattern structure been perceived. As the Bullish range continues, we anticipate $1,312 as potential target. Meanwhile a breakdown below this support would trigger downside movement. Like and follow up for more insight on the market. Thanks for reading.
Long
by Blaisefxacademy
XAUUSD: Will Gold Continue to Rise or Fall?👋Hello everyone, what do you think about OANDA:XAUUSD ? As of writing, gold is trading around $4115, partially recovering from the sharp decline of the past few days. To explain the steep drop in gold prices on Tuesday, there’s no need for any conspiracy theories — the previous meteoric rise was already a big enough reason. Earlier, gold reached extremely high levels, and the rally had matured; any irrational market could fall without a clear reason. Despite this, while gold remains under technical selling pressure after the shock, the market is holding the initial support level above $4,000. After this volatility, it may take longer than expected for precious metals to regain stability. However, it’s still too early to conclude whether this is a "market crash" or just a short-term correction. From a technical perspective, gold is reacting well to the $4000 support I had previously anticipated . If it can hold, the next challenge to watch will be the first resistance zone around $4200 - $4230. As long as the support holds, I’m still betting on an upward trend. What about you? What do you think about gold prices? Will it continue to rise or fall? 💬Leave your thoughts in the comments below!
OANDA:XAUUSDLong
by Kevinn_Nguyen
48
XLMUSDT - This Classic Bearish Setup Could Trap Late LongsYello, Paradisers! Are you prepared for what could be the next leg down in XLMUSDT? Many are still looking for long setups, but this clean bearish formation could catch them completely off guard. 💎XLMUSDT has officially broken below its key ascending support trendline, and price action has since retested this breakdown level—right where it meets a strong resistance zone. This area is further reinforced by the 200 EMA, which has historically acted as a powerful dynamic resistance in trending markets. What adds even more weight to the bearish case is the textbook Double Top-pattern that has formed right at this confluence. 💎To make matters worse for the bulls, we’re seeing clear bearish divergence across multiple indicators, including the MACD, RSI, and Stochastic RSI. When these divergences align with a structural breakdown and a resistance retest, the probability of a bearish continuation significantly increases. This is not the kind of setup smart traders ignore. 💎For those looking to enter this move, aggressive traders could consider a position from the current price area. However, a more disciplined approach would be to wait for a clean pullback into the resistance zone, followed by a clear bearish candlestick confirmation. This not only offers a better entry, but also significantly improves the risk-to-reward ratio by allowing tighter risk placement above the invalidation level. 💎That said, if the price breaks out and closes a full candle above the resistance zone, the current bearish outlook would be invalidated. In that scenario, it would be best to stand aside and wait for clearer price action to develop before making any further decisions. Chasing moves after invalidation is never worth it. 🎖This is how professional traders separate themselves from the crowd—by waiting for high-probability setups and protecting capital when the market proves them wrong. Discipline and timing will always outperform emotion and FOMO in the long run. Stay sharp, Paradisers, and remember: consistency, strategy, and patience are the only way you’ll make it far in this market. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
Double Top Confirmed! Is Gold About to Fall Deeper?As expected from my previous idea , Gold touched its target of $4,183 ( the double top pattern’s target(Small) ). Before reaching that target, it had some ups and downs over the past few days, mainly due to the ongoing US-China tensions . Gold is trading near a Support zone($4,193 – $4,156) . From a classical technical analysis perspective, it’s forming a clear double top pattern on the 1-hour timeframe . There’s also a regular bearish divergence (RD-) visible between the two peaks of the double top. From an Elliott Wave theory standpoint, it looks like Gold has started its corrective wave. If the Support zone($4,193 – $4,156) and the double top pattern’s neckline break , we can expect further downside . I expect that after breaking the Support zone($4,193 – $4,156) and the neckline , Gold could drop at least to around $4,083(First Target) . Second Target: $4,057 Stop Loss(SL): $4,385(Worst) Note: Keep in mind that given the ongoing US-China tensions, any news could invalidate this analysis. So it’s more important than ever to manage your risk carefully these days. Please respect each other's ideas and express them politely if you agree or disagree. Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
18
XAU/USD🪙Gold dropped over 6% on October 21 due to profit-taking and a stronger dollar, but this pullback is healthy after a 60% rally in 2025. At $4,050, the market is likely executing a liquidity grab before resuming its bullish trend toward new highs.🪙 --- 📈 Gold Trade Idea – Liquidity Grab Before New Highs📈 Gold experienced a sharp correction on October 21, falling over 6% from its all-time high of $4,382 to around $4,100, marking its largest single-day drop since 2013. This move was driven by profit-taking after an extraordinary rally, alongside a stronger US dollar, improved risk sentiment, and optimism over US-China trade talks. Despite the volatility, this pullback is not a trend reversal—it’s a healthy correction following a 60% surge in gold prices this year, fueled by economic uncertainty, central bank accumulation, and expectations of interest rate cuts. Currently, gold is trading around $4,050, a key zone where I anticipate a liquidity grab. This level likely holds clustered stop-losses from late buyers and short-term traders. Once this liquidity is absorbed, I expect gold to resume its bullish momentum, targeting new highs above $4,400. ### 🔍 Why Gold Is Still Bullish: - Macro uncertainty remains elevated, keeping demand for safe-haven assets strong. - Central banks continue to accumulate gold, supporting long-term demand. - Rate cut expectations from the Fed and other central banks reduce opportunity cost for holding gold. - Technical structure shows a classic retracement after a parabolic move—ideal for continuation setups. This correction is a textbook example of market mechanics: after a euphoric rally, the market shakes out weak hands before continuing higher. I’m watching for confirmation of support around $4,050 and signs of absorption before entering long.
OANDA:XAUUSDLong
by fxDanGold
1
Gold at a CrossroadShort-Term View: Gold (XAUUSD) has recently bounced from the $4,100 zone after a sharp decline, and is now testing the first resistance area at $4,185–$4,200, which coincides with the 50-period SMA on the 15-minute chart. If the price fails to break and close above this zone, the current move may only be a technical pullback before another drop. In that case, $4,075 → $4,000 would be the next potential downside targets. Medium-Term Outlook: If bulls manage to reclaim and hold above $4,200, short-term sentiment could shift bullish again, opening the way for a move toward $4,260 → $4,310. However, price action remains vulnerable as long as gold trades below $4,300, the key structural pivot. Risk Levels: • Bullish Scenario: Entry above $4,200, stop loss $4,110, target $4,300. • Bearish Scenario: Sell below $4,100, stop loss $4,185, targets $4,000 and $3,950. Summary: Gold is at a critical short-term decision zone. A clean break above $4,200 could fuel a short-term rally, but rejection from this level would likely trigger another leg down.
TVC:GOLDShort
by isahebdadi