Summary..
๐ XAUUSD 4H โ Head & Shoulders in Play
Gold is forming a classic Head & Shoulders reversal pattern. The right shoulder has formed with rejection near 4035โ4045, while the neckline sits around 4000. As long as price stays below 4045, bearish pressure remains favored
#XAUUSD#GOLD
The current gold price is fluctuating above 4050.
Aggressive traders can look to buy near 4050. Conservative traders should focus on the 4020โ4000 support zone.
Selling opportunities lie in the 4100โ4120 range.
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๐ Bearish Outlook
Sell Zone: 4040โ4044
Stop Loss: 4050
Target: 4005
Bias: Bearish below 4044
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always use proper risk management and never risk more than you can afford to lose.
๐ XAUUSD BUY SETUP
Gold respected the 3985-3990 demand zone and confirmed a bullish CHoCH on the 5-minute chart. As long as price remains above support, buyers may target 4016, 4024, and potentially 4040-4045.
โ ๏ธ This is market analysis only, not financial advice.
๐ข Post
XAUUSD | 2H Bearish Outlook
Gold faced strong rejection from the 4185โ4200 institutional supply zone after sweeping buy-side liquidity. Market structure has shifted bearish with strong selling momentum and trendline breakdown.
๐ด Sell: 4185โ4200
๐ฏ TP1: 4098
๐ฏ TP2: 4057