Below of last update of reverse head and shoulder post

194
XAU/USD | 30min | by Mohsen Mozafari Nejad

🔸 **Instrument:** Gold / USD (XAU/USD)
🔸 **Timeframe:** 30min
🔸 **Methodology:** Smart Money Concepts (SMC) + Liquidity + OB + Market Structure
🔸 **Focus:** New Monthly Open Setup



🔍 Market Context:



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## 🧠 Technical Breakdown:

1. **Strong recovery** after clearing deep liquidity sweep (Head zone)
2. **Bullish BOS** structure confirmed on LTF → Multiple HH and HL formed
3. Price now testing **Key Supply/OB zone at 3300–3315**
4. Above this zone lies a **Strong High (SH) around 3,350**, a potential liquidity magnet
5. Overall bias is bullish unless strong rejection appears from upper OB

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## 📌 Trade Plan:

| Position | Entry Confirmation Zone | Stop Loss (SL) | Take Profit (TP) |
|----------|--------------------------|----------------|------------------|
|
| Short (scalp only) | Bearish reaction from 3,345–3,350 | Above 3,353 | TP1: 3,310 / TP2: 3,290 |

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## ⚠️ Risk Factors to Watch:

- 🔺 High-impact USD news (July 1st releases: Manufacturing PMI / employment preview)
- 🔺 Overextension above supply zone without support → trap risk
- 🔺 Bull trap risk if price spikes above 3,340 then sharply reverses

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## ✅ Summary:

> **Start of July** could fuel volatility and directional momentum.
> The structure is clearly bullish short-term, but upper liquidity zones remain **highly reactive**.
> Smart traders will wait for reaction at the 3,340–3,350 SH zone before overcommitting.

**Structure:** 🔴 bearish momentum
**Efficiency:** ✅ Clean
**Liquidity:** 🔺 Above SH & Below recent HL

📊 Prepared by: **Mohsen Mozafari Nejad**

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