Gold's Bullish Comeback Inverted Head & Shoulders Pattern

6月2日

📊 Chart Analysis
This is a 1-hour chart of XAU/USD (Gold Spot vs. USD) showing a classic Inverted Head and Shoulders pattern — a bullish reversal formation.

🔍 Pattern Breakdown:

Left Shoulder: Formed in early May.

Head: Deep dip mid-May.

Right Shoulder: Developed in late May.

Neckline Breakout: Price has broken above the neckline with strong bullish momentum.

📈 Key Levels:

🔵 Bullish Confirmation: 3,278.395 (breakout level, neckline)

🔼 First Target: 3,410.372 🔴

🎯 Final Target: 3,495.774 🚀

📉 EMA 70 (3,316.651) is acting as dynamic support, aligning with the bullish scenario.

🧠 Interpretation:

As long as price stays above the bullish zone (3,278), the bias remains strongly bullish.

Traders might consider entering on pullbacks or breakouts with stops below the right shoulder or neckline.

📌 Summary:
✨ Bullish Reversal Unfolding
💹 Breakout confirmed
🎯 Targeting higher highs

6月5日

交易進行

almost 1st target achieved 500+pips booked wait for next target