Price has formed a classic Head & Shoulders pattern just below key resistance near 3,416 now showing early signs of breakdown from the right shoulder.
🔍 Technical Breakdown:
H&S Pattern completed → neckline broken
Retest of broken support as resistance expected
Confluence with previous structure and volume profile zones
📉 Bearish Bias Activated:
Trigger: Clean break below ~ 3,383
Short Targets: First stop: 3,362
Next: 3,345 (near channel support)
🛑 Invalidation:
Break back above 3,400 invalidates bearish setup
Bias: Bearish
Entry: ~ 3,383 (post-retest)
Target: 3,362 → 3,345
Stop: Above 3,401
#GoldAnalysis #XAUUSD #HeadAndShoulders #BearishReversal #SmartMoney #PriceActionTrading #TradingView #Forex #Commodities #BreakdownTrade
🔍 Technical Breakdown:
H&S Pattern completed → neckline broken
Retest of broken support as resistance expected
Confluence with previous structure and volume profile zones
📉 Bearish Bias Activated:
Trigger: Clean break below ~ 3,383
Short Targets: First stop: 3,362
Next: 3,345 (near channel support)
🛑 Invalidation:
Break back above 3,400 invalidates bearish setup
Bias: Bearish
Entry: ~ 3,383 (post-retest)
Target: 3,362 → 3,345
Stop: Above 3,401
#GoldAnalysis #XAUUSD #HeadAndShoulders #BearishReversal #SmartMoney #PriceActionTrading #TradingView #Forex #Commodities #BreakdownTrade
Trade active
Trade closed: target reached
close 420+pips
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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.