Am I the only one who is waiting for a bearish trend for #gold?

٣ يناير

hello guys!

let's analyze gold together!

Double Top Formation:
A double top has been identified near the $2,675-$2,680 level, signaling a potential reversal from the bullish trend.

Broken Channel:
The previous upward channel has been broken, indicating a shift in market structure and possible bearish momentum.

Two Scenarios Outlined:

1. First Scenario (Blue Path): The price may consolidate or retest the $2,630-$2,640 range before resuming its downward trend toward $2,578.
   
2. Second Scenario (Red Path): A bullish retracement toward the $2,675-$2,680 resistance zone is possible, followed by a reversal and significant decline.
   

Support and Resistance Levels:
Resistance: $2,675-$2,680 (critical zone for the second scenario).
Support: $2,629 (short-term) and $2,578 (major support).

Outlook:
The bias appears bearish due to the broken channel and the double-top pattern. Confirmation of either scenario depends on price action near the outlined key levels.

٥ يناير

ملاحظة

are you ready for this coming week?

٦ يناير

تم فتح الصفقة

scenario 1 is running!

٦ يناير

ملاحظة

two short positions that scenario has been forming!