XAUUSD // Reversal pattern formation, Strong bearish scenario...

📉 XAUUSD Technical Analysis – Triple Top Reversal in Play! 🚨

Gold (XAUUSD) has formed a Triple Top pattern at the peak of the uptrend, signaling a potential trend reversal. The third top acted as a liquidity trap, luring in late buyers before price started to decline aggressively. A confirmed breakdown below the 50 EMA with strong bearish candles indicates that sellers are taking control.

📈 Key Technical Confirmations:
✅ Triple Top Formation – A strong bearish reversal pattern
✅ Liquidity Trap on the Third Top – Fake breakout, followed by sharp selling pressure
✅ 50 EMA Breakdown – Confirms shift in momentum towards the downside
✅ Bearish Momentum Increasing – Price likely to extend losses

📌 Next Downside Targets:
🎯 First Target: 200 EMA
🎯 Key Levels: 2882, 2862, 2842, 2830, 2812, 2774, 2751

Gold is likely to continue its bearish move towards these levels. A break below the 200 EMA will add further confirmation for deeper declines.

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