"Gold Forms Head & Shoulders – Is a Major Drop Coming?"

3 Okt

🔹 Technical Analysis Of XAUUSD (GOLD)

▪️Chart Pattern: Head and Shoulders

▪️Pattern Breakdown

▫️ A Head and Shoulders pattern has formed, signaling a potential bearish reversal.

  ▫️ Left Shoulder: Formed around $3,848
  ▫️Head: Peaked near $3,870+
  ▫️Right Shoulder: Lower high, aligning with the left shoulder

This classic reversal pattern suggests a weakening bullish momentum and potential downside.

▪️Key Zones

▪️ Supply Zone for Price (Resistance):

   $3,848 – $3,855
  Price has already reacted from this zone, confirming selling pressure.

▫️ 1st Target Area / Support Level:

  Around $3,826
  Short-term support; if broken, further decline is likely.

▫️ 2nd Target Zone / Strong Support:

  $3,796 – $3,780 range
  A historically strong support zone and key demand area

▪️ Volume Analysis

Elevated volume during the right shoulder drop suggests increased selling interest, adding strength to the bearish signal.

▪️ Outlook

Bearish Bias favored unless price reclaims and closes above the supply zone.

Watch for a break below $3,826 for continuation towards $3,796 or lower.

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3 Okt

Trade aktif

from 3858, supply zone

3 Okt

Catatan

just hold your trades from supply zone

3 Okt

Trading ditutup: stop tercapai