XAUUSD M30: A reversal pattern has been formed
The XAUUSD chart shows signs of weakening of the current upward movement.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
XAUUSD holders should focus on opening short positions, which can be relevant either now or when the key signal level is retested.
📌 Entry: 3379.050
✔️ First target: 3350.940
✔️ Second target: 3343.602
❌ Stop order: 3399.860
