Gold potential bearish scenario
When a double top or double bottom chart pattern appears, a trend reversal has begun.
Let’s learn how to identify these chart patterns and trade them.
Double Top
A double top is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks that are formed when the price hits a certain level that can’t be broken.
After hitting this level, the price will bounce off it slightly, but then return back to test the level again.
If the price bounces off of that level again, then you have a DOUBLE top!
the target would be 2300
Let’s learn how to identify these chart patterns and trade them.
Double Top
A double top is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks that are formed when the price hits a certain level that can’t be broken.
After hitting this level, the price will bounce off it slightly, but then return back to test the level again.
If the price bounces off of that level again, then you have a DOUBLE top!
the target would be 2300
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