Possible Reverse Head and Shoulders?

5月30日

👁️‍🗨️ The strong uptrend yesterday, followed by the downtrend during the Asian session, has built a possible inverse head and shoulders pattern (30 min chart) 🤷🏼‍♂️.

⏫ If an uptrend follows today, the pattern will be complete.

The right shoulder began around $3287, which isn't far from the current price.
👀 Keep an eye on this, as it could drop lower while still keeping the structure intact.

⚡ What's very interesting is that the downward trendline (strong resistance) crosses the neckline support if the time window allows.

🙏 Possible target points:
TP 1: $3358
TP 2: $3382

What are your toughts about this? Please write it in the comments.
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.

Good luck and safe trading! 🚀📊

5月30日

交易進行

As expected, the inverse Head & Shoulders pattern is still in the process of forming.

Due to today's better-than-expected economic news, it was anticipated that the gold price would fall, which it did, from around $3304 to $3271 (a $35 drop). Some consolidation and perhaps another drop could occur, but overall, I see the pattern remaining intact.

6月2日

交易結束：目標達成

After reaching $ 3379 i closed this trade. Crazy market, was not 100% this could reach almost TP 2 but almost did, good profits. Lets see if Powell brings it down later on.