Gold (Head and Shoulder) with Confirmation! Weekly.
Hi traders,
Gold creates Head and shoulder pattern and also reject the Double Top.
Candles shows some bearish momentum and Price action.
1st confirmation after closing of 4 Hourly below Hull moving average.
2nd confirmation,when it breaks $1772 conflict area of Neck line and weekly PP.
Recommendation: Short after break the $1772.
Targets are: $1758 and $1742.
PS: This trade is not valid if market will not break $1772.
Good Luck!
Gold creates Head and shoulder pattern and also reject the Double Top.
Candles shows some bearish momentum and Price action.
1st confirmation after closing of 4 Hourly below Hull moving average.
2nd confirmation,when it breaks $1772 conflict area of Neck line and weekly PP.
Recommendation: Short after break the $1772.
Targets are: $1758 and $1742.
PS: This trade is not valid if market will not break $1772.
Good Luck!
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