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XAUUSD: The bears are about to strike back
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https://www.tradingview.com/x/ps1H9qgE/
In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all your wishes coming true.
Turning back to the gold market, after a significant rally, we’ve seen a pullback to test support before another rebound to resistance, followed by another decline. We’re now at a critical turning point. From the 30-minute chart, we can observe a pattern resembling a double top. If it breaks the trendline, a decline to the $2600 level seems inevitable—there’s no need to doubt it.
My mid-term target remains $2568-$2490, and I believe we may see this play out sooner than expected.
In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all your wishes coming true.
Turning back to the gold market, after a significant rally, we’ve seen a pullback to test support before another rebound to resistance, followed by another decline. We’re now at a critical turning point. From the 30-minute chart, we can observe a pattern resembling a double top. If it breaks the trendline, a decline to the $2600 level seems inevitable—there’s no need to doubt it.
My mid-term target remains $2568-$2490, and I believe we may see this play out sooner than expected.
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