This is a chart pattern analysis showing a potential bullish move in CFDs on Gold (XAU/USD) in the 4-hour timeframe, with a target and stop loss level marked.
Here’s a breakdown of what’s visible:
Pattern: It’s a clear inverse head and shoulders pattern. These typically signal a reversal to the upside.
Entry: The right shoulder has broken above the neckline resistance zone (purple horizontal line).
Take Profit: Around 3,505.911, as shown by the blue arrow and box.
Stop Loss: Around 3,305.708–3,243.068, as shown in the red zone below the neckline.
Potential Target: Price is expected to continue to the marked take-profit area.
Do you want to discuss possible trading strategies or risk management here?
Here’s a breakdown of what’s visible:
Pattern: It’s a clear inverse head and shoulders pattern. These typically signal a reversal to the upside.
Entry: The right shoulder has broken above the neckline resistance zone (purple horizontal line).
Take Profit: Around 3,505.911, as shown by the blue arrow and box.
Stop Loss: Around 3,305.708–3,243.068, as shown in the red zone below the neckline.
Potential Target: Price is expected to continue to the marked take-profit area.
Do you want to discuss possible trading strategies or risk management here?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.