SELL Opportunity for XAUUSD: Potential Head and Shoulders Pattern ~ 90% Rebate Exness Everyday

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SELL Opportunity for XAUUSD: Potential Head and Shoulders Pattern

XAUUSD Analysis

Correction After Breaking All-Time High

Gold prices hit another all-time high yesterday due to concerns over a trade war triggered by U.S. President Donald Trump. However, a correction followed as traders engaged in profit-taking, driven by the prospect of peace talks between Russia and Ukraine.

Potential Head and Shoulders Pattern

A potential Head and Shoulders pattern is forming on the H1 timeframe. A sell opportunity can be considered if the price breaks below the neckline area.

Prediction: WEAK XAUUSD

Trade Plan:

SELL AREA: 2930.64 - 2921.78
Stop Loss (SL): 2957.24
Take Profit Targets:
- TP1: 2897.75
- TP2: 2867.59
- TP3: 2838.01

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