📉 XAU/USD - HEAD & SHOULDERS BREAKDOWN!
Gold has formed a Head and Shoulders pattern on the 1H timeframe and has confirmed a breakdown below the neckline with a strong bearish candle. This signals a potential strong sell-off! 📉
📌 Trade Setup:
🔻 Sell Entry #1: 3015 (Breakdown confirmation)
🔻 Sell Entry #2: 3026 (Retest of neckline)
🎯 Target:
✅ 2981 (Demand Zone & Key Support)
🔻 Bearish Outlook:
🚨 Breakdown of the neckline confirms downside momentum
🚨 Strong bearish candle supports further decline
🚨 If price retests the neckline at 3026, it could provide a second sell opportunity
💬 What’s your outlook on XAU/USD? Drop your thoughts below! 👇
📊 Like & Follow for more setups! 🚀
Gold has formed a Head and Shoulders pattern on the 1H timeframe and has confirmed a breakdown below the neckline with a strong bearish candle. This signals a potential strong sell-off! 📉
📌 Trade Setup:
🔻 Sell Entry #1: 3015 (Breakdown confirmation)
🔻 Sell Entry #2: 3026 (Retest of neckline)
🎯 Target:
✅ 2981 (Demand Zone & Key Support)
🔻 Bearish Outlook:
🚨 Breakdown of the neckline confirms downside momentum
🚨 Strong bearish candle supports further decline
🚨 If price retests the neckline at 3026, it could provide a second sell opportunity
💬 What’s your outlook on XAU/USD? Drop your thoughts below! 👇
📊 Like & Follow for more setups! 🚀
Trade active
entry touched from the 3026 
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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.
Related publications
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.