BOREARIS

Gold (XAU/USD) Double top 15 min

Gold (XAU/USD) 15 minConfirmed Oct 28, 22:30 UTC+8
HNHConfirmedInvalid 4,061.12Neck 4,043.054,043.02Confirm 4,041.75Target 1 4,033.87Target 4,025.99━ MA20 + Bollinger Bands ━ MA50 15 min70503047.24━ RSI ━ 9MA0-0.49━ MACD ━ MACD Signal10/28 14:0010/28 15:4510/28 17:3010/28 19:1510/28 21:0010/28 22:45
HNHConfirmedInvalid4,061.12Neck4,043.054,043.02Confirm4,041.75Target1 4,033.87Target4,025.99━ MA20 ━ MA5070503047.24━ RSI ━ 9MA0-0.49━ MACD ━ MACD Signal28 16:3028 19:3028 22:15

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

Double top: Active

Target4,025.99
First target4,033.87
Confirmation4,041.75
Invalid at4,061.12

Last 4,042.24, 0% of the way to target (target is 0.39% from confirmation).


Timeframe15 min
ConfirmedOct 28, 22:30
Duration1.1 h
Reward / risk0.81

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 28, 16:454,058.21
NecklineOct 28, 19:004,043.05
HighOct 28, 20:154,060.11
ConfirmationOct 28, 22:304,041.75

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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