Looking for head and shoulders pattern to play out on gold. Will likely take profit at 240 EMA or 1795 level.
Reasons for bias:
rejection of 0.236 fib level
Potential head and shoulders pattern
Bearish stochastic
Reasons for bias:
rejection of 0.236 fib level
Potential head and shoulders pattern
Bearish stochastic
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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.