There’s a potential head and shoulders pattern forming on the 15-minute chart.
📌 What I’m watching for:
A 15min candle close back inside the neckline range
Lower volume on the right shoulder vs. the left (to confirm weakening momentum)
🧠 Trade Idea (Short bias)
🎯 Entry: 3380.9
❌ Stop Loss: 3388.0
✅ Take Profit 1 (50%): 3358.9
✅ Take Profit 2 (50%): 3346.3
⚖️ Risk/Reward: 3.8R
This setup lines up with my trading method that focuses on structure, volume, and clean risk/reward.
🤔 What are your thoughts on gold today?
Are we about to roll over — or will bulls push through resistance?
📌 What I’m watching for:
A 15min candle close back inside the neckline range
Lower volume on the right shoulder vs. the left (to confirm weakening momentum)
🧠 Trade Idea (Short bias)
🎯 Entry: 3380.9
❌ Stop Loss: 3388.0
✅ Take Profit 1 (50%): 3358.9
✅ Take Profit 2 (50%): 3346.3
⚖️ Risk/Reward: 3.8R
This setup lines up with my trading method that focuses on structure, volume, and clean risk/reward.
🤔 What are your thoughts on gold today?
Are we about to roll over — or will bulls push through resistance?
Trade closed manually
Setup invalidated. If the 15min candle closed in the range at 14.45, I would have entered.
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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.
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.