Bearish Bias Under Head and Shoulders Formation

📍Gold is currently leaning towards a bearish trend under the pressure of a well-defined head and shoulders pattern. Therefore, our primary trading approach remains focused on short positions.

📍In the short term, the key resistance to watch is in the 3030-3040 zone. However, it's worth noting that on Friday, gold quickly recovered most of its losses after testing the 3000 level, indicating the presence of strong buying interest and solid support below.

📍From a trading perspective, there is still an opportunity to capture profits from potential technical rebounds. The main support levels to monitor are:
📌3010-3000 as the initial support zone
📌2995 as the secondary support level

🔎Trade Idea:
1. Xauusd: Sell at 3035-3045
TP:3020-3010
SL:Adjust according to risk tolerance.

📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades.
2. Xauusd: Buy at 3015-3005
TP:3025-3035
SL:Adjust according to risk tolerance.

📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals

Trade active

📍Gold is currently encountering resistance within the 3035-3045 range. If it fails to break above the 3040 level in the near term, bearish momentum is likely to remain dominant.

📍However, there is still notable buying support on the downside. Therefore, until gold breaks below the 3000 level, it is prudent to temper expectations for the extent of the pullback.

🔎Trade Idea:
1. Xauusd: Sell at 3035-3045
TP:3020-3010
SL:Adjust according to risk tolerance.

📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades.
2. Xauusd: Buy at 3015-3005
TP:3025-3035
SL:Adjust according to risk tolerance.

📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals

Trade closed: target reached

Bros, the sell signal hits TP: 3020 accurately. Have you followed my trading strategy to short gold? If gold cannot effectively fall below the key level during the callback process, then next, I will look for opportunities to go long on gold again!

🔎Trade Idea:
1. Xauusd: Sell at 3035-3045
TP:3020-3010
SL:Adjust according to risk tolerance.

📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades.
2. Xauusd: Buy at 3015-3005
TP:3025-3035
SL:Adjust according to risk tolerance.

📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals