HomeContributorsTechnical AnalysisXAUUSD: Head And Shoulders Pattern

XAUUSD: Head And Shoulders Pattern

On the Daily chart, XAUUSD navigates within a head-and-shoulders pattern and rebounds from a crucial 2290 support zone. Further scenarios unfold:

  • If the price fails to surpass the support zone, it will likely lead to a rise toward the 2360 level;
  • However, breaching below the 2290 will indicate a decline to 2190 support.

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