“Gold Market Structure Update: BOS, CHoCH & Key Levels to Watch”

3 dni temu

Gold (XAUUSD) is showing a clear market structure transition after forming a strong Double Top followed by a Descending Triangle pattern. Price broke down from the Double Top neckline and later broke out bullish from the Descending Triangle, confirming a shift in trend.

Double Top formation signaling early bearish pressure
Descending Triangle Breakout initiating bullish momentum
Multiple BOS (Break of Structure) and CHoCH confirming trend reversal
Price moved into a clear uptrend, respecting bullish structure
Current rejection area suggests a possible short-term pullback toward the 4160–4120 support range
Watching for reaction at key levels to determine continuation or deeper correction
This setup provides a clean roadmap for both trend-followers and pullback traders.
Not financial advice – for educational purposes only.

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gold is bearish movement continue

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