📊 XAUUSD 15-min Analysis – Inverse Head & Shoulders Pattern Forming
Gold (XAUUSD) appears to be forming a classic inverse head & shoulders pattern on the 15-minute chart. The neckline is observed around the $3296 level, with visible symmetry between the shoulders and the head.
A potential breakout above the neckline could push price toward the estimated target of ~$3329. However, it's important to watch for volume confirmation at the breakout point — volume spikes often add credibility to these patterns.
Support remains near the $3248 level — if price breaks below the head, this pattern would be invalidated.
🟡 Key Levels:
Neckline: $3296
Target: ~$3329 (if neckline breakout holds)
Support: $3248
⚠️ This is an educational chart for technical analysis learning purposes only — not financial advice.
#XAUUSD #Gold #TechnicalAnalysis #ChartPatterns #InverseHeadAndShoulders #Breakout
Gold (XAUUSD) appears to be forming a classic inverse head & shoulders pattern on the 15-minute chart. The neckline is observed around the $3296 level, with visible symmetry between the shoulders and the head.
A potential breakout above the neckline could push price toward the estimated target of ~$3329. However, it's important to watch for volume confirmation at the breakout point — volume spikes often add credibility to these patterns.
Support remains near the $3248 level — if price breaks below the head, this pattern would be invalidated.
🟡 Key Levels:
Neckline: $3296
Target: ~$3329 (if neckline breakout holds)
Support: $3248
⚠️ This is an educational chart for technical analysis learning purposes only — not financial advice.
#XAUUSD #Gold #TechnicalAnalysis #ChartPatterns #InverseHeadAndShoulders #Breakout
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.