💛 XAUUSD – HEAD AND SHOULDERS PATTERN FORMING ON H4 🎯
🌤 Overview
Hello everyone, it's Lana here again 💬
Gold, after a strong decline, is forming a clear Head and Shoulders structure on the H4 timeframe, following a long-term upward trendline. This pattern allows us to expect a rebound to the old peak area, but before that, the price may "dip" down to complete the structure.
💹 Technical Analysis (ICT Perspective)
The Left Shoulder – Head – Right Shoulder is gradually completing around the trendline + supporting FVG.
The area around the 50% Fibonacci above is a reasonable zone for the price to form the right shoulder, and if it breaks above the neckline, it could pave the way back to the strong liquidity area above 4200.
In the short term, the 4118–4120 area is both resistance + the neckline of the pattern, suitable for a technical Sell.
The 4040–4042 area coinciding with the trendline + OB is a nice support to watch for a Buy if the price adjusts deeply.
🎯 Reference Trading Plan
💢 SELL Scenario (scalping at resistance)
Sell 4118–4120 │ SL: 4125
TP: 4105 → 4086 → 4060 → 4040
💖 BUY Scenario (priority according to the pattern)
Buy 4042–4040 │ SL: 4034
TP: 4075 → 4090 → 4100 → 4140 → 4200
⚠️ Important Notes
Trading according to the pattern is just an expectation trade, so it should be combined with candle signals on smaller timeframes (M15–M30) before entering a trade.
The upcoming FOMC meeting and NFP report, after a prolonged US government shutdown, could lead to very unpredictable volatility.
Reduce volume, avoid holding large positions through major news events.
🌷 Conclusion with LanaM2
The Head and Shoulders pattern on H4 is opening up beautiful opportunities for both short Sell and Buy according to the larger trend 💛
Be patient and wait for the price to reach the marked areas, be disciplined with SL, and don't FOMO before the news.
If you find this useful, please 💛 Like – 💬 Comment – 🔔 Follow LanaM2 to update the gold perspective with me every day ✨
🌤 Overview
Hello everyone, it's Lana here again 💬
Gold, after a strong decline, is forming a clear Head and Shoulders structure on the H4 timeframe, following a long-term upward trendline. This pattern allows us to expect a rebound to the old peak area, but before that, the price may "dip" down to complete the structure.
💹 Technical Analysis (ICT Perspective)
The Left Shoulder – Head – Right Shoulder is gradually completing around the trendline + supporting FVG.
The area around the 50% Fibonacci above is a reasonable zone for the price to form the right shoulder, and if it breaks above the neckline, it could pave the way back to the strong liquidity area above 4200.
In the short term, the 4118–4120 area is both resistance + the neckline of the pattern, suitable for a technical Sell.
The 4040–4042 area coinciding with the trendline + OB is a nice support to watch for a Buy if the price adjusts deeply.
🎯 Reference Trading Plan
💢 SELL Scenario (scalping at resistance)
Sell 4118–4120 │ SL: 4125
TP: 4105 → 4086 → 4060 → 4040
💖 BUY Scenario (priority according to the pattern)
Buy 4042–4040 │ SL: 4034
TP: 4075 → 4090 → 4100 → 4140 → 4200
⚠️ Important Notes
Trading according to the pattern is just an expectation trade, so it should be combined with candle signals on smaller timeframes (M15–M30) before entering a trade.
The upcoming FOMC meeting and NFP report, after a prolonged US government shutdown, could lead to very unpredictable volatility.
Reduce volume, avoid holding large positions through major news events.
🌷 Conclusion with LanaM2
The Head and Shoulders pattern on H4 is opening up beautiful opportunities for both short Sell and Buy according to the larger trend 💛
Be patient and wait for the price to reach the marked areas, be disciplined with SL, and don't FOMO before the news.
If you find this useful, please 💛 Like – 💬 Comment – 🔔 Follow LanaM2 to update the gold perspective with me every day ✨
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.