Gold has recently formed a head and shoulders pattern on the chart, a classic bearish reversal signal that could indicate a potential decline in price. If the neckline is broken with strong volume, it may present a shorting opportunity for traders looking to capitalize on downside momentum.
Also showing bearish on 2 indicators ( RSI and MACD).
Also, in downward channels.
However, confirmation and risk management are essential before making any trading decisions.
Note :- This is not financial advice.
Also showing bearish on 2 indicators ( RSI and MACD).
Also, in downward channels.
However, confirmation and risk management are essential before making any trading decisions.
Note :- This is not financial advice.
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.
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.