Can Gold Break Out? Inverse Head & Shoulders Setup on 15-min

📊 XAUUSD 15-min Analysis – Inverse Head & Shoulders Pattern Forming

Gold (XAUUSD) appears to be forming a classic inverse head & shoulders pattern on the 15-minute chart. The neckline is observed around the $3296 level, with visible symmetry between the shoulders and the head.

A potential breakout above the neckline could push price toward the estimated target of ~$3329. However, it's important to watch for volume confirmation at the breakout point — volume spikes often add credibility to these patterns.

Support remains near the $3248 level — if price breaks below the head, this pattern would be invalidated.

🟡 Key Levels:

Neckline: $3296

Target: ~$3329 (if neckline breakout holds)

Support: $3248

⚠️ This is an educational chart for technical analysis learning purposes only — not financial advice.

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