Gold Sell 1956-60
[SELL] XAUUSD - Bearish -I look to Sell at 1956
◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area
Stop: 1991
Target 1: 1877
Target 2: 1850
Chart
◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area
Stop: 1991
Target 1: 1877
Target 2: 1850
Chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.