XAUUSD H4: Signals of a decay of the upward trend are detectable
The uptrend of XAUUSD is losing momentum, which is confirmed by the pattern formed on the chart.
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.
In this situation, priority is given to short positions.
📌 Entry: 3348.520
✔️ First target: 3228.870
✔️ Second target: 3195.456
❌ Stop order: 3451.630
