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Broken Channel:
The price recently broke out of a rising channel, signaling a potential shift in trend. Following the breakout, it retested the broken channel boundary, indicating that this level now acts as resistance.
Double Top Formation:
A double-top pattern can be observed near the upper resistance zone around $2,710–$2,730, suggesting that the price struggled to maintain upward momentum. This is a bearish signal, implying a potential reversal in the near term.
Middle Line of the Larger Channel:
The price touched the middle line of the larger upward channel before retracing, highlighting the importance of this level as a key resistance zone.
Potential Path:
if the price fails to break above the resistance zone ($2,710–$2,730), it could decline sharply toward the next support levels around $2,580 and $2,540.

WTI Crude Oil is neutralizing the previously overbought 1D technical outlook (RSI = 69.520, MACD = 2.080, ADX = 64.888) as after crossing over the R1 level, it is pulling back under it. Technically this has been mirroring the March-August 2023 fractal and based on that, we should see this pull back almost reach the 1D MA50. A buy opportunity is waiting there and our target is the 1.618 Fibonacci level (TP = 86.00).

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Gold trading signals technical analysis satup
I think now gold ready for sell trade gold sell zone enter point 2727 to 2730
First tp 2722
2nd tp 2718
last target 2715
stop loss 2738
Tachincal analysis satup
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