Gold Head & Shoulders forming?
With gold having recently reached its down side target this week, look for price to potentially form a right shoulder mid week (thought it may go sideways for some time after). 1240-1245 supply zone should see price rejection for initial validation.
Note
Longs may enter with stops behind 1216-1218. We're headed down, so keep that in mind...Note
Lol this one got btfo. That's the most anemic shoulder I've ever seen. Rally incoming to previous neckline (stay tuned...).
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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.