Gold has broken through a key area of Support (1300) and has already retested this same area. There's a Head & Shoulders pattern forming as an added confluence that it may retrace back before making another movement down.
-First targets could be at the neckline (1290), If it manages to be break the neckline we could see price head to Previous Daily lows (1280)
-First targets could be at the neckline (1290), If it manages to be break the neckline we could see price head to Previous Daily lows (1280)
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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.