A Head and Shoulders pattern on the 4-hour chart for XAUUSD (Gold Spot vs. USD). This is a classic reversal pattern, often indicating a potential shift from a bullish trend to a bearish trend.
Key Features of the Chart:
Left Shoulder, Head, and Right Shoulder:
The pattern is well-defined, with the left shoulder and right shoulder appearing symmetrically...
This analysis delves into Bitcoin's recent price action, identifying critical demand zones and projecting future price movements based on historical data and market sentiment.
Key Levels:
1. Demand Zones:
- $10,000 - $20,000 Zone: This zone has historically been a strong support level, where significant buying interest emerged, leading to substantial...
