Double Top Reversal XAUUSD Strategy

Double Top Strategy

Double tops upward xauusd trend reversal strategy is a reversal xauusd pattern which forms after an extended xauusd upward trend. As its name implies, this reversal strategy is made up of 2 consecutive peaks which are roughly equal, with a moderate trough between.

Double tops upward xauusd trend reversal trading strategy is considered complete once gold trading price makes the second peak & then penetrates the lowest point between the highs, called the neckline. The sell signal from this up xauusd trend reversal trading strategy occurs when the xauusd market breaks-out below neckline.

In XAUUSD, Double tops upward xauusd trend reversal trading strategy is used as an early warning xauusd signal that a bullish upward xauusd trend is about to reverse.

However, Double tops upwards xauusd trend reversal trading strategy is only confirmed once the neck line is broken & the xauusd market moves below the neck-line. Neckline is just another name for the last support level formed on the gold chart.

Summary:

• Double tops upwards xauusd trend reversal strategy Forms after an extended move upwards
• This Double tops upwards xauusd trend reversal strategy formation indicates that there will be a reversal in gold market
• We sell when price breaks-out below neck-line point: see below for explanation.

XAUUSD Up Trend Reversal Strategy - Double Top Reversal XAUUSD Strategy

The double tops look like an M Shape, the best reversal xauusd signal is where the second top is lower than the first one as displayed on the xauusd examples displayed below, this means that the reversal xauusd signal can be confirmed by drawing a downwards xauusd trend line as shown below.

Double Tops XAUUSD Trend Reversal XAUUSD Strategies