# XALUSD Head and Shoulders Pattern Tests Neckline

> XALUSD price tests head and shoulders neckline at $2,950, targeting $2,300.
- Title: XALUSD Head and Shoulders Pattern Tests Neckline · TradingView
- Summary: XALUSD price tests head and shoulders neckline at $2,950, targeting $2,300. XALUSD price is testing $2,950 neckline of head and shoulders pattern, targeting…
- Keywords: xalusd, aluminum, usd, head and shoulders pattern, neckline, target price, aluminum supply, business, finance, Head, Shoulders, Pattern
- Source: TradingView — https://tradingview.com/chart/XALUSD/pTANU3A0-XALUSD-Daily-Head-and-Shoulders-Pattern-Is-Testing-Its-Neckline
- Published: 2026-10-22T11:03:36+00:00
- Read time: 1 min
- Topics: xalusd, aluminum, usd, head and shoulders pattern, neckline, target price, aluminum supply, business, finance
## Head and Shoulders Pattern
XALUSD price sits on $2,950 neckline of head and shoulders pattern.
## Pattern Peaks
Left shoulder peaked near $3,540 in March, head at $3,788 in June, right shoulder near $3,380 in August.
## Neckline Target
Projecting $730 from head to neckline targets $2,220 to $2,300, matching April low at $2,297.60.
## Supply Story
Chinese primary output grew 3.1% to 3.9 million tonnes in September, exports up 17.2%.
## Target Analysis
Indonesia's new smelters ramping up, 6 million tonnes capacity outside China by 2028 could push market into surplus above 1 million tonnes in 2:2027.
## Key takeaway

XALUSD price is testing $2,950 neckline of head and shoulders pattern, targeting $2,300.