BOREARIS

Gold (XAU/USD) Double top 15 min

Gold (XAU/USD) 15 minConfirmed Oct 26, 21:45 UTC+8
HNHConfirmedClosedInvalid 4,023.444,023.27Neck 4,003.35Confirm 4,000.76Target 1 3,992.53Target 3,984.31━ MA20 + Bollinger Bands ━ MA50 15 min70503061.26━ RSI ━ 9MA0-0.37━ MACD ━ MACD Signal10/26 08:4510/26 11:3010/26 14:1510/26 17:0010/26 19:4510/26 22:30
HNHConfirmedClosedInvalid4,023.444,023.27Neck4,003.35Confirm4,000.76Target1 3,992.53Target3,984.31━ MA20 ━ MA5070503061.26━ RSI ━ 9MA0-0.37━ MACD ━ MACD Signal26 13:1526 17:1526 21:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double top: First target, then break-even

Target3,984.31
First target3,992.53
Confirmation4,000.76
Invalid at4,023.44
Move+0.10%

Timeframe15 min
ConfirmedOct 26, 21:45
ClosedOct 26, 22:00
Duration0.5 h
Reward / risk0.72

What this tells you

Price is rejected twice at a similar high; a break below the low between them (the neckline) often marks a turn from up to down.

Check it on the live chart

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Swing points

PointTime UTC+8Price
HighOct 26, 13:004,019.43
NecklineOct 26, 15:154,003.35
HighOct 26, 16:454,022.39
ConfirmationOct 26, 21:454,000.76

Recently closed Double top patterns: 26 in total, 21 reached the target first (81%), 3 were invalidated and 2 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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