( Gold ) Bearish Reversal Setup via Head and Shoulders Pattern

7 hari lalu

Gold is showing signs of a potential short-term bearish reversal as a clear Head and Shoulders pattern has formed on the 30-minute chart. The price is testing the neckline near 3394, where a breakdown could trigger a move toward the 3330–3320 support zone.

🔍 Technical Analysis:
Pattern: Classic Head and Shoulders, indicating a possible shift in market structure.

Neckline level: Around 3394 – a break below confirms the pattern.

Indicator. Price is testing the lower boundary of the cloud; a clean break through supports the bearish case.

Volume Observation: Decreasing volume on right shoulder, suggesting buying momentum is fading.

Bearish Targets: Projected move based on pattern structure points toward 3330–3320.

🧠 Fundamental Backdrop:
U.S. Dollar Strength: Recent hawkish Fed comments and stronger-than-expected U.S. economic data are boosting the USD, putting pressure on gold prices.

Interest Rate Outlook: Rising yields are reducing gold’s appeal as a non-yielding asset.

Geopolitical Calm: Lack of fresh geopolitical tensions reduces safe-haven demand temporarily.

Inflation Outlook: Stabilizing inflation may also reduce urgency for gold hedging.

💡 Trade Plan:
Short Entry: 3394 (after neckline break confirmation)

Target Zone: 3330–3320

Stop Loss: Above 3410

Risk-Reward Ratio: ~2:1 depending on final entry/exit points

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📌 Note: Wait for confirmation with a strong candle close below the neckline and increased volume before entering the trade. This is not financial advice. Please conduct your own research and manage risk accordingly.

7 hari lalu

Dagangan aktif

Gold (XAU/USD) – Trade Active

Head and Shoulders pattern confirmed on the 30-min chart.
Short Entry: 3394 (active)
Target: 3330
Stop Loss: 3410

Technical breakdown aligned with strong USD and weak gold sentiment.
Monitoring for continuation to the downside.

4 hari lalu

Dagangan ditutup: sasaran tercapai

✅ Gold (XAU/USD) – Target Hit

Short trade from 3394 reached the 3300 target as expected 950+ Pips Profit Achieved .
Head and Shoulders pattern played out perfectly.
Well-executed technical setup aligned with bearish fundamentals.
Booking profits – trade closed successfully.