BOREARIS

Gold (XAU/USD) Double top 4 hour

Gold (XAU/USD) 4 hourConfirmed Oct 06, 13:00 UTC+8
HNHConfirmedClosedInvalid 4,235.664,165.28Neck 4,133.76Confirm 4,122.35Target 4,039.83━ MA20 + Bollinger Bands ━ MA50 4 hour70503051.47━ RSI ━ 9MA010.00━ MACD ━ MACD Signal09/28 21:0009/30 21:0010/02 21:0010/06 21:0010/08 21:0010/12 21:00
HNHConfirmedClosedInvalid4,235.664,165.28Neck4,133.76Confirm4,122.35Target4,039.83━ MA20 ━ MA5070503051.47━ RSI ━ 9MA010.00━ MACD ━ MACD Signal01 05:0006 09:0009 09:00

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

Double top: Expired

Target4,039.83
Confirmation4,122.35
Invalid at4,235.66
Move-1.79%

Timeframe4 hour
ConfirmedOct 06, 13:00
ClosedOct 12, 09:00
Duration144.0 h
Reward / risk0.73

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
HighSep 30, 17:004,219.13
NecklineOct 02, 09:004,133.76
HighOct 02, 17:004,227.69
ConfirmationOct 06, 13:004,122.35

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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