Gold: Head & Shoulders Forming?
Hello dear precious metals friends, hope you're doing well guys! ;)
First of all: Excuse me for not posting much, but I'm currently fully immersed in our mentorship with my mentees, and also developing Edgy as startup: Doesn't leave much time except for crypto analyses currently.
Having said that: Gold could currently be forming a potential Head & Shoulders pattern at the crucial resistance of the $1,525-50 zone, wich is also perfectly visible with the current Doji candle on the Weekly chart:
Conclusio: In order for the H&S to have any validity, we have to break down to the psychological $1,500 to $1495 zone to form the neckline. I wish you a great trading! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses!
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
First of all: Excuse me for not posting much, but I'm currently fully immersed in our mentorship with my mentees, and also developing Edgy as startup: Doesn't leave much time except for crypto analyses currently.
Having said that: Gold could currently be forming a potential Head & Shoulders pattern at the crucial resistance of the $1,525-50 zone, wich is also perfectly visible with the current Doji candle on the Weekly chart:
Conclusio: In order for the H&S to have any validity, we have to break down to the psychological $1,500 to $1495 zone to form the neckline. I wish you a great trading! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses!
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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