Gold Reversal Confirmed: Bearish Targeting 2,878 Support

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This chart shows a clear double-top pattern at the resistance zone around 2,960, indicating potential bearish momentum. The price has broken below a trendline, confirming weakness. A retest around 2,934 has occurred, and the price is now declining. The next key support level is around 2,878, which could act as a potential target for sellers. If bearish momentum continues, a deeper drop may follow.


- First target: 2,900 (psychological level and minor support)
- Second target: 2,878 (major support zone)

If bearish momentum continues and 2,878 breaks, the next possible target could be around 2,860 for an extended move.

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تم فتح الصفقة

Congratulation first target at 2,900 has been achieved,
the next focus is on 2,878 as the major support level. If bearish momentum continues and breaks below 2,878, we could see further downside towards 2,860. Stay alert for any reversal signs or continuation signals.

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أغلقت الصفقة: تم الوصول للهدف

Congratulation Gold Hits Bearish Target at 2,878🎯🎉 – What's Next?

The price has successfully reached the 2,878 support level, completing the bearish move from the double-top rejection. Now, the key focus is on whether this level holds as support or breaks for further downside.
If 2,878 holds: A potential rebound towards 2,900 or higher.
If 2,878 breaks: The next downside target could be around 2,860 or lower.
Watch for price action signals to confirm the next move.