XAUUSD M30: The Head and Shoulders pattern indicates a possible downward reversal

The XAUUSD chart is starting to show signs of weakness in the 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.
At this time interval for XAUUSD, trading recommendations suggest opening short positions.
📌 Entry: 4116.05
✔️ First target: 4062.18
✔️ Second target: 4046.63
❌ Stop order: 4165.86

Leave a Reply

Your email address will not be published. Required fields are marked *