GOLD is showing signs of a major bullish reversal!
The chart is clearly forming an inverse head and shoulders pattern, which often marks the end of a downtrend and the start of a new move up.
Buyers stepped in strong around the $3,305 zone multiple times, defending key lows and building a solid base. Now, the right shoulder is taking shape, and a break above $3,350–$3,357 could trigger the breakout.
📌 Key Resistance: $3,350 / $3,357 / $3,399
📌 Support: $3,304 (critical trendline)
If price flips $3,357 into support, bulls could target $3,399 and eventually $3,448 in the next leg.
The structure looks clean, with all eyes on the neckline breakout.
DYOR, NFA
The chart is clearly forming an inverse head and shoulders pattern, which often marks the end of a downtrend and the start of a new move up.
Buyers stepped in strong around the $3,305 zone multiple times, defending key lows and building a solid base. Now, the right shoulder is taking shape, and a break above $3,350–$3,357 could trigger the breakout.
📌 Key Resistance: $3,350 / $3,357 / $3,399
📌 Support: $3,304 (critical trendline)
If price flips $3,357 into support, bulls could target $3,399 and eventually $3,448 in the next leg.
The structure looks clean, with all eyes on the neckline breakout.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Register on WEEX and Blofin and trade with me: 👇
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.