On Gold I see a nice potential short setup. We can see that the market created a Head and Shoulders Pattern. Afterwards the price gave us a sharp movement to the downside. But also previously the market retested the Trend Line after the Trend Line break. Right now we are at very strong level of Support. From here I do expect that the market will give us a push to the upside. Afterwards I do expect the continuation of the downtrend.
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.