XAUUSD TRIPLE TOPPED DISTRIBUTION WITH BULLISH TREND - BREAKDOWN
Gold is following a consolidation under a lower timeframe. Here we are expecting a breakout to happen on the sketched distribution or flag. If the price can confirm a bearish breakout on both the flag and trendline we can expect a nice decline in prices for GOLD. If the gold manages to go for a bullish breakout on the flag formed, the setup will get invalidated. The one-hour timeframe shows the formation of a triple top following the current market price action.
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Note
Triple tops formed on 1hour timeframe
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.