Emas / Dollar A.S.Penjualan
GOLD XAUUSD coming - movement
A Head and Shoulders pattern on the 4-hour chart for XAUUSD (Gold Spot vs. USD). This is a classic reversal pattern, often indicating a potential shift from a bullish trend to a bearish trend.
Key Features of the Chart:
Left Shoulder, Head, and Right Shoulder:
The pattern is well-defined, with the left shoulder and right shoulder appearing symmetrically around the head.
The Head is the highest point, representing the peak of the trend, while the shoulders are lower highs, suggesting weakening bullish momentum.
Neckline and Potential Breakdown:
The dashed line connecting the troughs (valleys) of the left and right shoulders forms the neckline. The price is currently testing or nearing this support level.
If the price breaks below the neckline, it confirms the pattern, signaling a potential bearish move.
Target Price:
The measured move or target price is projected based on the height of the Head from the neckline. In your chart, the suggested target is 2640, which aligns with the breakdown potential of the structure.
The red line extending from the neckline to 2640 visually represents this potential move.
MTF Analysis (Multi-Timeframe Insights):
The lower right section of your chart gives additional context using a multi-timeframe (MTF) indicator.
It shows:
M5-M1 suggesting the market is trending.
4H-D1 indicates bearish trend pressure and institutional activity is currently inactive.
This confirms that there’s potential for the price to decline in alignment with the head and shoulders pattern.
Potential Price Action:
If the price fails to hold the neckline support and confirms the pattern, there could be a swift move downwards toward the 2640 target.
Traders should watch for a confirmed break below the neckline before considering short positions.
Thus analysis reflects a possible bearish reversal for Gold, with the head and shoulders pattern indicating a trend change, potentially pushing the price towards the 2640 support level.
Always ensure proper risk management and confirmation of the pattern before entering any trades.
Key Features of the Chart:
Left Shoulder, Head, and Right Shoulder:
The pattern is well-defined, with the left shoulder and right shoulder appearing symmetrically around the head.
The Head is the highest point, representing the peak of the trend, while the shoulders are lower highs, suggesting weakening bullish momentum.
Neckline and Potential Breakdown:
The dashed line connecting the troughs (valleys) of the left and right shoulders forms the neckline. The price is currently testing or nearing this support level.
If the price breaks below the neckline, it confirms the pattern, signaling a potential bearish move.
Target Price:
The measured move or target price is projected based on the height of the Head from the neckline. In your chart, the suggested target is 2640, which aligns with the breakdown potential of the structure.
The red line extending from the neckline to 2640 visually represents this potential move.
MTF Analysis (Multi-Timeframe Insights):
The lower right section of your chart gives additional context using a multi-timeframe (MTF) indicator.
It shows:
M5-M1 suggesting the market is trending.
4H-D1 indicates bearish trend pressure and institutional activity is currently inactive.
This confirms that there’s potential for the price to decline in alignment with the head and shoulders pattern.
Potential Price Action:
If the price fails to hold the neckline support and confirms the pattern, there could be a swift move downwards toward the 2640 target.
Traders should watch for a confirmed break below the neckline before considering short positions.
Thus analysis reflects a possible bearish reversal for Gold, with the head and shoulders pattern indicating a trend change, potentially pushing the price towards the 2640 support level.
Always ensure proper risk management and confirmation of the pattern before entering any trades.
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