Gold is showing signs of a potential short-term bearish reversal as a clear Head and Shoulders pattern has formed on the 30-minute chart. The price is testing the neckline near 3394, where a breakdown could trigger a move toward the 3330–3320 support zone.
🔍 Technical Analysis:
Pattern: Classic Head and Shoulders, indicating a possible shift in market structure.
Neckline level: Around 3394 – a break below confirms the pattern.
Indicator. Price is testing the lower boundary of the cloud; a clean break through supports the bearish case.
Volume Observation: Decreasing volume on right shoulder, suggesting buying momentum is fading.
Bearish Targets: Projected move based on pattern structure points toward 3330–3320.
🧠 Fundamental Backdrop:
U.S. Dollar Strength: Recent hawkish Fed comments and stronger-than-expected U.S. economic data are boosting the USD, putting pressure on gold prices.
Interest Rate Outlook: Rising yields are reducing gold’s appeal as a non-yielding asset.
Geopolitical Calm: Lack of fresh geopolitical tensions reduces safe-haven demand temporarily.
Inflation Outlook: Stabilizing inflation may also reduce urgency for gold hedging.
💡 Trade Plan:
Short Entry: 3394 (after neckline break confirmation)
Target Zone: 3330–3320
Stop Loss: Above 3410
Risk-Reward Ratio: ~2:1 depending on final entry/exit points
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📌 Note: Wait for confirmation with a strong candle close below the neckline and increased volume before entering the trade. This is not financial advice. Please conduct your own research and manage risk accordingly.
🔍 Technical Analysis:
Pattern: Classic Head and Shoulders, indicating a possible shift in market structure.
Neckline level: Around 3394 – a break below confirms the pattern.
Indicator. Price is testing the lower boundary of the cloud; a clean break through supports the bearish case.
Volume Observation: Decreasing volume on right shoulder, suggesting buying momentum is fading.
Bearish Targets: Projected move based on pattern structure points toward 3330–3320.
🧠 Fundamental Backdrop:
U.S. Dollar Strength: Recent hawkish Fed comments and stronger-than-expected U.S. economic data are boosting the USD, putting pressure on gold prices.
Interest Rate Outlook: Rising yields are reducing gold’s appeal as a non-yielding asset.
Geopolitical Calm: Lack of fresh geopolitical tensions reduces safe-haven demand temporarily.
Inflation Outlook: Stabilizing inflation may also reduce urgency for gold hedging.
💡 Trade Plan:
Short Entry: 3394 (after neckline break confirmation)
Target Zone: 3330–3320
Stop Loss: Above 3410
Risk-Reward Ratio: ~2:1 depending on final entry/exit points
Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
📌 Note: Wait for confirmation with a strong candle close below the neckline and increased volume before entering the trade. This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade active
Gold (XAU/USD) – Trade ActiveHead and Shoulders pattern confirmed on the 30-min chart.
Short Entry: 3394 (active)
Target: 3330
Stop Loss: 3410
Technical breakdown aligned with strong USD and weak gold sentiment.
Monitoring for continuation to the downside.
Trade closed: target reached
✅ Gold (XAU/USD) – Target HitShort trade from 3394 reached the 3300 target as expected 950+ Pips Profit Achieved .
Head and Shoulders pattern played out perfectly.
Well-executed technical setup aligned with bearish fundamentals.
Booking profits – trade closed successfully.
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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.
For More Help
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
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.