Gold (XAU/USD) 1-hour chart: Double Top
A double top on the Gold (XAU/USD) 1-hour chart, bearish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Double Top (bearish)
- Entry 4,165.15, stop 4,219.82, target 4,119.55
Full transcript
Gold just closed below the line that mattered.
October 13, this is gold on the one-hour chart, and the double top confirmed yesterday.
The pattern is price rejected twice from the same area.
The low between those tops is the neckline.
It confirms only when price closes below that level.
Here, that close happened below 4168.4, and the measured target sits at 4119.55.
The invalidation level is 4219.82, so a close beyond it cancels the pattern.
The setup is still open.
Neither the target nor the invalidation level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.