### *Tools & Patterns Used in This Chart (Gold - 30M Chart)*
#### *Key Tools & Concepts Applied:*
1. *Head and Shoulders Pattern (Bearish Reversal)* - The chart forms a *Head and Shoulders* structure, signaling a potential reversal to the downside. - The *left shoulder, head, and right shoulder* are clearly labeled.
2. *Break of Structure (BOS)* - Multiple BOS points indicate shifts in market structure, confirming bearish momentum.
3. *Fair Value Gap (FVG)* - This marks an imbalance in price action where price may return before continuing its move downward.
4. *Order Block (OB)* - A key resistance area where price could reject further, aligning with the bearish setup.
5. *Liquidity Zone (LQD)* - This highlights areas where liquidity may be collected before the price continues its movement.
6. *Risk-to-Reward Setup:* - *Entry near the OB/FVG zone.* - *Stop Loss above the right shoulder.* - *Take Profit (TP) Complete Price action .*
### *Conclusion:* This chart applies *Smart Money Concepts (SMC)* and *technical analysis patterns* to predict a bearish move using: - *Head and Shoulders Pattern (Bearish Reversal)* - *Break of Structure (BOS)* - *Fair Value Gap (FVG)* - *Order Block (OB)* - *Liquidity Zone (LQD)*
This setup suggests a *sell trade* based on the rejection of resistance and a downward continuation.
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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.