Gold Price Expectations by the end of Q1 2022
Gold is creating an inverse head and shoulder pattern
For the past two years gold has been trading above the major rising trendline which was tested 4 times even with the most recent sell-off in gold price.
The metal is still trading above the major trendline therefore I can conclude that no damage so far has been done to long-term trendline which is a positive sign
If gold doesn't hold at present levels then it has to be re-evaluated and I will share a new Technical Analysis if such scenario happens
Looking to reach 1,000 follower in the near future to consequently share full technical analysis in my channel where I can share my knowledge and help you to navigate more comfortable and have better understanding in the financial market and Cryptocurrencies'
Hope to Have your Support
thanks and have a great day
For the past two years gold has been trading above the major rising trendline which was tested 4 times even with the most recent sell-off in gold price.
The metal is still trading above the major trendline therefore I can conclude that no damage so far has been done to long-term trendline which is a positive sign
If gold doesn't hold at present levels then it has to be re-evaluated and I will share a new Technical Analysis if such scenario happens
Looking to reach 1,000 follower in the near future to consequently share full technical analysis in my channel where I can share my knowledge and help you to navigate more comfortable and have better understanding in the financial market and Cryptocurrencies'
Hope to Have your Support
thanks and have a great day
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