GOLD/USD – Bullish Reversal Pattern Forming

GOLD/USD – Bullish Reversal Pattern Forming 🟢📈

📊 Chart Analysis:

The chart shows a strong Inverse Head and Shoulders pattern forming, which is a classic bullish reversal signal:

🔹 Left Shoulder and Right Shoulder – Marked with orange circles, both found support near the 3,263 level (purple line), suggesting strong buying interest at this zone.
🔹 Head – The lowest point in between the shoulders, also bouncing from support.
🔹 Resistance Zone – Marked with red arrows around 3,500–3,520. This zone has rejected price action multiple times in the past.
🔹 Support Zone – Marked below 3,200, where previous consolidation and buying took place.

📈 Projected Move:
The neckline breakout suggests a potential move toward the 3,520+ level. A minor pullback is expected before continuation. If price breaks above resistance, we could see a strong bullish rally.

📌 Key Levels:

Support: 3,263 🟩

Resistance: 3,500–3,520 🟥

Potential Target After Breakout: 3,550+ 🎯

✅ Bias: Bullish above 3,263 support
⚠️ Invalidation: A break below the neckline would cancel the bullish setup