Pattern:
We mentioned a Head and Shoulders pattern — that's a bearish reversal signal. It means after a previous uptrend, gold formed a top (head) with two lower tops (shoulders) on each side, suggesting a potential move downward.
Key Levels:
Stop Loss: 3380
Targets:
First Target: 3310
Second Target: 3230
Trading Scenario:
Entry: Likely after a confirmed break of the "neckline" (the support line connecting the two lows between the head and the shoulders).
Current Bias: Bearish — expecting gold to drop further.
Trade Setup:
Sell (short) gold now or after a pullback toward the broken neckline, if it hasn't happened yet.
Stop Loss at 3380 to protect if the pattern fails (price going above the right shoulder/high).
We mentioned a Head and Shoulders pattern — that's a bearish reversal signal. It means after a previous uptrend, gold formed a top (head) with two lower tops (shoulders) on each side, suggesting a potential move downward.
Key Levels:
Stop Loss: 3380
Targets:
First Target: 3310
Second Target: 3230
Trading Scenario:
Entry: Likely after a confirmed break of the "neckline" (the support line connecting the two lows between the head and the shoulders).
Current Bias: Bearish — expecting gold to drop further.
Trade Setup:
Sell (short) gold now or after a pullback toward the broken neckline, if it hasn't happened yet.
Stop Loss at 3380 to protect if the pattern fails (price going above the right shoulder/high).
Trade active
Wow Thats Amazing Hitting.My 1st Target Completed successful 400+ pips Completed.
Trade closed: target reached
Congratulations Guys My Target Has Completed Successfully 1200+ Pips Hitt. market reached at 3230.
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.
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.