Hello, I hope you have used the previous analyzes correctly and benefited
Following the breaking of the ascending channel of gold and the price being in the correction process, a head and shoulders is forming with a round line of 1755.
It is expected that the price will reach the level of 1770 and then we will go to the neckline of 1755 and after breaking this level to 1747.
Following the breaking of the ascending channel of gold and the price being in the correction process, a head and shoulders is forming with a round line of 1755.
It is expected that the price will reach the level of 1770 and then we will go to the neckline of 1755 and after breaking this level to 1747.
Note
Im waiting for 1755 to be broken. If it is broken, I expect the next target to be 1747, and if it is rejected, I will close my position with +100 pips profit.Trade closed: target reached
I closed my sell position with +100 pips.
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Related publications
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.