US/GOLD Inverse Head and Shoulders
Hello Traders,
Gold chart worth a look!,
Points to consider,
- Very Key Technical Resistance has been broken
- Confirmed pattern of the Inverse head and shoulders
- Target for this pattern would be around $1547
- RSI has clearly broken it resistance
- A retracement to at least the golden fib lines are highly probable
.5 @ $1430
.618 @ $1586
What are your thoughts on current price action of Gold?
Please leave a like and comment :)
Gold chart worth a look!,
Points to consider,
- Very Key Technical Resistance has been broken
- Confirmed pattern of the Inverse head and shoulders
- Target for this pattern would be around $1547
- RSI has clearly broken it resistance
- A retracement to at least the golden fib lines are highly probable
.5 @ $1430
.618 @ $1586
What are your thoughts on current price action of Gold?
Please leave a like and comment :)
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