XAUUSD 1H Head & Shoulders Pattern and Quasimodo!This 1-hour Gold (XAU/USD) chart presents a Head and Shoulders pattern forming near the 3,124 level, indicating a potential bearish reversal. The structure consists of:
Left Shoulder – A peak followed by a retracement.
Head – The highest point in the formation.
Right Shoulder – A lower high, confirming the pattern.
Additionally, a Quasimodo pattern is forming, reinforcing bearish sentiment if price fails to sustain above 3,139. A breakdown below the neckline suggests a potential move toward the projected target zone at 3,039.
Key Levels & Trade Plan
📍 Resistance: 3,139 (Quasimodo level)
📉 Support Levels: 3,107 – 3,085 – 3,039 (Main target)
📊 Bearish Confirmation: Break below the neckline (~3,120)
🎯 Target Zone: 3,039
A clean breakdown below the neckline could accelerate bearish momentum, aligning with the projected drop of approximately 62.7 points (-2.02%). Bulls need to reclaim 3,139 for any invalidation of this bearish outlook. Keep an eye on price action confirmation before entering trades.
Quasimodosetup
Bullish Reversal with Inverse Head & Shoulder + QuasimodoEthereum is currently showing strong bullish potential on the 1-hour chart, forming a powerful confluence of reversal patterns—Inverse Head & Shoulders and the Quasimodo Pattern. These patterns often indicate trend exhaustion and signal a shift in momentum.
📊 Pattern Analysis
1. Inverse Head & Shoulders Pattern
This pattern is a classic bullish reversal setup.
The structure is well-defined:
Left Shoulder: Forms after a local downtrend.
Head: Makes a deeper low.
Right Shoulder: Higher low indicating reduced selling pressure.
The neckline has just been breached, suggesting the breakout has begun.
2. Quasimodo Pattern (QM)
Often forms at key reversal points.
Characterized by a head and shoulders structure with a lower low (head) and a higher low (right shoulder).
Acts as additional confirmation of a reversal with tight invalidation zones.
The Quasimodo zone also aligns with strong demand just below $1,970.
🎯 Target Projection
The projected minimum target is measured from the bottom of the head to the neckline, then added to the breakout point.
Target: ~$2,121.41
This implies a 5.38% potential move from the breakout zone.
The yellow highlighted area marks a potential supply zone, where price could face resistance.
🧠 Trade Considerations
Entry: On breakout above neckline (already triggered).
Confirmation : Look for bullish candles + volume spike.
Retest Entry: If price revisits the neckline (~$2,000 zone) and holds as support, it provides a second chance entry.
Invalidation: A break below the right shoulder (~$1,965) would invalidate the pattern setup.
Stop Loss Idea : Below the head or right shoulder depending on risk tolerance.
📌 Confluence Factors
Dual bullish reversal patterns (H&S + QM)
Breakout in progress with bullish momentum
Strong price reaction from the higher low confirms buyer interest
Room to run into previous supply zone around $2,120–2,140
XAUUSD - Bearish Quasimodo Pattern Triggered Gold (XAU/USD) has formed a classic Quasimodo pattern on the 1H timeframe, signaling a potential bearish reversal after a strong uptrend.
🔍 Pattern Breakdown:
The structure resembles a Head & Shoulders, with a more complex formation known as the Quasimodo Pattern.
We see a clear Left Shoulder, Head, and Right Shoulder, followed by a breakdown below the neckline.
A successful retest of the neckline as resistance confirms the bearish momentum.
🎯 Target Zone:
Based on the height of the pattern, the projected target lies in the 2960–2970 region, aligning with a previous demand zone.
The expected drop is approximately -2.10%, matching the prior rally before the reversal pattern.
📌 Key Levels:
Breakdown Level: ~3030
Current Price: ~3024
Target: ~2960–2970
⚠️ Watch for:
Bearish follow-through after the retest.
Potential reaction in the highlighted target zone (yellow box).
This setup provides a great opportunity for short sellers if momentum continues to the downside. Risk management is key as always!
Gold (XAU/USD) Breakout Setup – Bullish Momentum Ahead?Overview:
A potential bullish breakout from a triangle pattern, signaling a continuation of the uptrend.
Key Technical Insights:
🔹 Triangle Formation Breakout
Gold price has been consolidating inside a symmetrical triangle, a common pattern before a breakout.
The price has just broken above the resistance, confirming a potential bullish move.
🔹 Support & Resistance Levels:
Support: Around 2,933 - 2,935 USD, acting as a retest zone after the breakout.
Resistance: Near 2,946 - 2,950 USD, the last hurdle before the next rally.
🔹 Target Projection:
Based on the triangle breakout measurement, a potential 3.75% move (110 USD) to around 3,044 USD is anticipated.
Trade Plan:
📌 Entry Strategy:
A retest of 2,935 USD could provide a better entry for confirmation.
Aggressive traders may enter immediately after breakout confirmation.
📌 Stop Loss:
Below 2,914 USD, invalidating the breakout structure.
📌 Take Profit Target:
Around 3,044 USD, aligning with the measured breakout target.
Final Thoughts:
✅ Breakout confirmed – waiting for retest to enter safely.
✅ Momentum and volume support bullish continuation.
✅ Caution if price falls below 2,914 USD, invalidating the pattern.
📈 Gold remains in an uptrend – monitor price action for confirmation! 🚀
Gold Price Analysis (1H Timeframe)Gold (XAU/USD) is currently trading inside an ascending channel, showing a bullish trend. However, a key trigger line at $2,936 will determine the next move.
🔹 Bullish Scenario:
If price stays above $2,936, we can expect a push toward $3,028 and potentially $3,085.
A breakout above $3,085 would confirm strong bullish momentum, targeting new highs.
🔻 Bearish Scenario:
A break below $2,936 could signal weakness, leading to a drop to $2,880.
If selling pressure continues, the next major support is at $2,803.
📌 Trading Plan:
🔸 Long Entry: If price holds above $2,936, with a target of $3,028 - $3,085.
🔸 Short Entry: If price breaks below $2,936, targeting $2,880 - $2,803.
🔸 Risk Management: Use stop-losses near key levels to minimize risk.
📊 Watch Volume & Price Action!
A breakout with strong volume confirms the trend direction.
Low volume means potential fakeouts—wait for confirmation before entering trades.
📢 What do you think? Share your views in the comments! 🚀
Gold Retest Completed Now Next Impulsive Move!Hello Traders!
As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016.
there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend.
Resistance: 2924
Support: 2908
i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post
Regards: PipsOptimizer
2 Quasimodo Reversals - Small and Large timeframeshere are 2 quick little quasimodo reversals on #UJ here.
Smaller one in yellow outlines the inverse bullish move with entries on lower time frames.
Larger quasimodo (green) follows a larger move that could pull this down a bit before a continuation upwards.
Quasimodo Reversal Pattern 👨🏫EducationalHello guys, an educational post about Quasimodo or QM pattern.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
.
salam be doostan ye post amoozeshi dar morede olgo QM, edame video be farsi ham toozih dadam.
moafagh bashid
like va follow faramoosh nashe :)
Color Star Technology Bullish SetupCSCW is at a great point for a breakout. The asset is currently gaining momentum over the load-zone. In case R1 is violated with good volume there can be a swing to the following targets.
GOLD - Quasimodo Head & ShouldersBullish on gold for multiple reasons:
Bullish confluences on gold:
Inverted yield curve (Possible recession after yield curve flips)
= Short term bonds have a higher yield than long term bonds (Federal reserve pushing up interest rates to fight inflation)
Possible recession incoming...
Increase investments in asset classes with a potential Recession: - BONDS, GOLD, REITS
Powell says Interest rates rising so this might be bad for gold but it's still looking solid.
NOTE: if it breaks the right shoulder low this trade may be invalidated
GBPCAD potential LongGBPCAD is forming Quasimodo pattern with positive divergence, wait for the perfect entry with proper risk and money management, control your emotions during trading and have patience remember trading is 10% buy and sell and 90% is waiting.
please comment your opinions and analysis so that we can learn from each other
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