@capitalmanagementservice: The following is an analysis of the currency pair XAUUSD The price of XAUUSD has exhibited a bullish market structure, characterised by higher highs and higher lows. Additionally, the market has been dominated by bullish impulses, interspersed with bearish corrections. However, upon encountering a strong resistance level, there has been evidence of a shift in momentum. The price has moved away from this level, indicating a strong interest from sellers. Furthermore, a recent bullish correction has also signaled a shift in the market’s phases. Utilising chart patterns, a potential head and shoulders pattern has been identified, which is a bearish reversal pattern. To capitalize on this pattern, one should wait for the price to break the neckline and enter a swing sell position on the retest of the neckline. The targets for this trade will be the start of the uptrend. Want to know how I can help you this year? Check out the link in my bio! ~ NB ~ This is not a trading signal or financial advice. Trading carries risk. . . . . . . . . . #technicalanalysis #passiveincometips #forexaccountmanagement #forextradingstrategy

TRADER EPHRAIM

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Sunday 30 August 2026 21:04:36 GMT