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Head and Shoulders

GOLD Daily, H4, H1 Forecasts, Technical Analysis & Trading IdeasDaily Timeframe: TVC:GOLD has been rising rapidly recently but has almost stopped since February 11, when it hit its uptrend channel line. With the RSI hitting resistance at 77 and showing signs of falling, there is a high probability that a corrective wave is about to begin. Four-hour Timeframe: A rising wedge pattern has formed in the price. As long as the price does not break the resistance at 2955 and the red line of the rising wedge continues upwards, a downward wave is expected to begin. A strong bearish divergence has also formed in the RSI. One-hour Timeframe: A head and shoulders pattern is forming. If the price can break the neckline downward and the blue trend line of the rising wedge is also broken, the probability of a downward wave will be very high.
FX:XAUUSDShort
by Navid_Jafarian
12
BNB Ready for a Major Breakout? Head & Shoulders Pattern in PlayMarket Insight: #BNB is currently trading in a prime buying zone for spot traders, showing strong price action on the 4-hour timeframe. A Head and Shoulders (H&S) pattern is forming, and we are closely monitoring its breakout for a potential bullish move. 🔹 Bearish Signs? None so far! The market structure remains intact, and buyers seem to be in control. Trade Plan for Bulls: 🔹 Breakout Confirmation: A clean break above the neckline of the H&S pattern will confirm bullish momentum. 🔹 Entry Zone: After confirmation, a long position can be initiated with proper risk management. 🔹 Stop Loss & Risk Management: Place a stop-loss below the right shoulder to manage risk effectively. 🔹 Potential Target: If the breakout holds, we could see a strong upward move toward key resistance levels. 🔹 Chart Analysis: (Attach a well-annotated chart with clear trendlines, breakout zones, and risk-reward levels) 🔹 What’s Your Take? Do you think #BNB will break out or face rejection? Drop your thoughts in the comments! Like & Follow for more real-time trade setups!
Long
by mudusir
Potential 70-90x Gains | SCBINANCE:SCUSDT has been forming a massive 4+ year triangle pattern. Since 2023, it has repeatedly tested the lower trendline and successfully bounced. Before its 2021 surge, SC formed an inverse head and shoulders. The current price action looks like it's repeating on a larger scale, with SC now testing the bottom of the right shoulder. Target Prices: 📈 $0.29 (Inverse H&S projection, ~70x from current price) 📈 $0.37 (Fibonacci projection, ~90x from current price) Take-Profit Strategy: 🔹 Every 10x, sell at least half 🔹 At 70x, exit 90% and hold only profit coins for further upside if the bull market continues Why Now Might Be a Good Entry: CAPITALCOM:SCUSD has dipped below the triangle’s lower boundary but is currently bouncing from a key multi-year support zone (pink area). Since its OKX listing in 2018, this level has acted as both strong support and resistance for over six years. On 2/3, price briefly dropped below but quickly reclaimed it, confirming its strength. 💥 Long Strategy: Aggressive: Enter at current price Conservative: Enter at 2/17’s high, which is the highest-volume lately Stop-loss: 2/3's low 💥 Short Strategy: Aggressive: Enter at current price Conservative: Enter at 2/3's low Stop-loss: 2/17's high ⚠️ Price levels vary across exchanges—adjust accordingly. 🔴 Read my signature & publications for more info you don’t want to miss. 🔥  for more future "guesses" like this!
by Harold_123
1
XAU/USD: The Only Way Is Up!If it appears as if the price of spot gold (XAU/USD) chalks up an all-time high every week, it is. In fact, the precious metal rallied northbound for eight consecutive weeks, and opposing bearish themes are few and far between. Geopolitical risks, uncertainty surrounding US President Donald Trump’s tariff plans, and limited resistance until around US$3,000 (as shown on the daily chart) seat gold in a robust position. Another observation supporting gold’s position I feel worth highlighting is found on the monthly chart. Despite the Relative Strength Index testing resistance of 87.31-82.20, the next upside objective lies between US$3,264 and US$3,187, formed between 1.618% and 1.272% Fibonacci projection ratios, respectively. Goldman Sachs also recently updated their gold projection to US$3,100. While monthly and daily flows suggest additional outperformance, the potential head and shoulders top pattern on the H1 timeframe indicates a move to the downside could be in store before further buying is seen. As you can see, the pattern’s neckline – taken from the low of US$2,918 – has yet to be engulfed, therefore there is still a chance the pattern will not complete and price continues to push higher from current levels. However, in the event the yellow metal does engulf the neckline, it is common for chart pattern enthusiasts to apply a downside profit objective by extending the value between the head and the neckline from the breakout point.
FPMARKETS:XAUUSD
by FPMarkets
Be bold and short goldBrothers, did you short gold? As I mentioned in my previous article, I have already entered short positions in the 2930-2940 zone. Today, gold has broken below Wednesday’s low, which has to some extent opened further downside potential and strengthened the probability of continued decline. Moreover, under the pressure of the head and shoulders pattern, I believe gold is highly likely to retest the 2920-2910 support zone today. I have followed my trading plan and am currently in profit on my short positions. We can continue to hold and wait for further profit expansion. Did you follow me in shorting gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Keep making money by shorting goldYesterday, I remained firmly committed to shorting gold from start to finish, and as anticipated, gold retraced to my two target zones: 2930-2925 and 2920-2910. Today, gold has pulled back to around 2916, breaking Wednesday’s low, which has, to some extent, opened up downside potential and strengthened expectations for further downside acceleration toward the 2900-2880 region. Additionally, from a short-term technical perspective, a head and shoulders pattern has formed, further supporting the likelihood of a sharper decline. Therefore, in today’s trading, I continue to favor short positions in gold. As gold’s price action shifts lower, overhead resistance levels are also adjusting downward. This calls for a more conservative expectation of gold’s rebound potential. For short-term trading, we can consider scaling into short positions in the 2930-2940 zone. Bros, are you optimistic about the continued decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
GDX - Gold Miners ETF: Inverse Head & shouldersGold prices have surged to unprecedented levels in light of recent trade policy changes. The announcement by US President Donald Trump regarding a new 25% tariff on essential imports such as cars, semiconductors, and pharmaceuticals has created a wave of uncertainty among investors. This risk-off sentiment has driven many to seek refuge in safe-haven assets like gold. Nevertheless, this upward momentum may encounter challenges if a trade agreement with China comes to fruition. A successful deal could alleviate global trade tensions, leading to a decrease in gold demand and possibly resulting in selling pressure. However sustained high bullion prices could prove to be a significant advantage for gold miners. The GDX ETF is showing a persistent inverse head and shoulders pattern, indicating potential for further gains.
AMEX:GDXLong
by BallaJi
15