hey guys,
on gold on an hourly timeframe we have very nice almost completed bearish abcd pattern.
+ take into account overbought RSI
my selling area is around 1309 - 1312,
however, I will be waiting for some confirmation signals!
target is based on the previous high!
good luck!
Note
Pattern is completedNote
small head and shoulders pattern in a D point of a pattern is a confirmationNote
The market hit the initial targetStop to entry
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.