Gold (XAUUSD) 30-Min Chart – Bearish Setup Overview🟡 **Asset**: Gold (XAUUSD)
**Timeframe**: 30-Minute Chart
**Published**: April 15, 2025
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📉 **Setup Type**: Bearish Reversal – Head and Shoulders Pattern
This chart illustrates a classic **Head and Shoulders** pattern, suggesting a potential reversal from bullish to bearish momentum.
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### 🔍 **Key Zones & Labels**:
- **BOS (Break of Structure)**: Confirms initial bullish strength, but the structure break hints at a possible trend shift.
- **L.S (Left Shoulder)**: Marks the first peak before the head formation.
- **R.S (Right Shoulder)**: Indicates a lower high, a potential sell zone.
- **Support Zone**: Clearly defined area around 3188, acting as the potential **target** for the short setup.
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📌 **Trade Plan**:
- **Entry Limit**: 3235–3237 (within the right shoulder resistance zone)
- **Stop Loss (SL)**: 3240 (just above the resistance zone to protect against a false breakout)
- **Target**: 3188 (aligned with previous structure support)
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### ⚖️ **Risk-Reward Outlook**:
This setup offers a favorable **risk-to-reward ratio**, aiming for a move from the entry zone to the support area, assuming resistance holds.
