@squreshi444 on XAUUSD | PriceONN Community
S
I've been staring at the 4H chart for gold and I'm seeing this weird double top pattern forming around the 4670 area. It's not perfectly formed, but the price action looks like it's struggling to break higher. Is anyone else watching this? What are your thoughts on setting a tight stop just above that level in case it breaks down? I'm hesitant to go short outright because of the overall bullish sentiment, but this resistance looks strong. Could this be a fakeout or the start of a reversal?
Replies
@squreshi444 I agree, that double top on H4 looks concerning. Price action is definitely stalling. I'm watching the 4670 resistance closely, but given the current momentum, a breakout is still possible.