XAUUSD Head and Shoulders Pattern – Potential Bullish Breakout!

XAUUSD Head and Shoulders Pattern – Potential Bullish Breakout!
Gold (XAUUSD) has formed a Head and Shoulders pattern on the 4H timeframe, signaling a potential bullish breakout.

Key Levels & Observations:
🔹 Neckline Support: $2,900 - $2,880 (Key demand zone)
🔹 Breakout Resistance: $2,920 - $2,940
🔹 Confirmation: A breakout above $2,940 could trigger a rally towards $2,970 - $3,000.
🔹 Invalidation: If price breaks below $2,880, a bearish move towards $2,780 is possible.

Trade Plan:
📌 Entry: Above $2,920 with confirmation
📉 Stop-Loss: Below $2,880
🎯 Target 1: $2,970
🎯 Target 2: $3,000

📊 Conclusion:
Gold is at a crucial decision point. A successful breakout could drive prices higher, while rejection may lead to a pullback. Stay cautious and manage risk accordingly! 🚀