I will enter sell gold on this price 1765 and my target is 1755 1750 stop loss will be 1770 and if its hold above 1750 then we might see 1830 soon then
Here is a head and shoulders pattern and how the neckline can be used as a trigger for either a short or long position. Wait for neckline to declare itself as support or resistance. 2 possible scenarios: 1. Price breaks neckline (resistance currently) wait for retest of what would then be support to enter long position. 2. If price bounces down off neckline then...
i am NOOB with this chart patterns so that's why i am not giving a setup however i will look to add shorts around 245 if you have any knowledge then please do let me know in comment if i have charted this right :) just sharing my thoughts & ideas
This is my first published idea so please don't be to harsh :-) As you can see from the chart we have 3 almost exact moves up to resistance level and then it drops. So I beliven it will drop again from where it is now.