"Trade Idea" on GOLD by ThinkingAntsOk
1H CHART EXPLANATION:
We observe that price is making a potential Head and Shoulders pattern. Anyway, at this moment it is facing the Ascending Trendline, so we will wait it to be broken to take short positions towards the neckline (support zone) and if the support zone is broken, then wait for a pullback to enter again.
4H CHART:
We observe that price is making a potential Head and Shoulders pattern. Anyway, at this moment it is facing the Ascending Trendline, so we will wait it to be broken to take short positions towards the neckline (support zone) and if the support zone is broken, then wait for a pullback to enter again.
4H CHART:
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