@rameshnaidu17 on XAUUSD | PriceONN Community

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R
rameshnaidu17 PRO newbie
XAUUSD Mar 9
Is anyone else seeing a potential head and shoulders forming on the H4 chart for XAUUSD? The neckline seems to be around 5125-5130. I'm curious to know if others are considering this pattern and what their strategies might be if it confirms. Could be a good shorting opportunity if it breaks down convincingly.
XAUUSD

Replies (1)

R
rameshnaidu17 PRO newbie Mar 9
Just to add to that, I'm also watching the RSI. If it's overbought when the price reaches the neckline, it could add confluence to the short signal. Gonna keep an eye on the volume too.
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