Gold (XAU/USD) on 4hr timeframe chart is showing signs of a potential trend reversal after forming a classic Head & Shoulders pattern on the chart. The structure is well-defined, with both shoulders forming around the $3,360 zone and a prominent head at $3,435. The neckline support lies between $3,285–$3,295, which has now been broken multiple times, signaling possible continuation to the downside.
📉 Key Bearish Targets: TP1: $3,245
TP2: $3,190
TP3: $3,115
❌ Invalidation:
A strong close above $3,376, invalidate the setup.
#XAUUSD #Gold #HeadAndShoulders #TechnicalAnalysis #PriceAction #BearishSetup #ChartPatterns
📉 Key Bearish Targets: TP1: $3,245
TP2: $3,190
TP3: $3,115
❌ Invalidation:
A strong close above $3,376, invalidate the setup.
#XAUUSD #Gold #HeadAndShoulders #TechnicalAnalysis #PriceAction #BearishSetup #ChartPatterns
Trade closed manually
Note
Closed this order manually as i wanted to sell at higher prices. New sell order got activated at 3323 which is still within plan. Gold respected the Head & Shoulders breakdown perfectly — TP1 ($3,253) reached, 
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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.