Gold-FVG and upcoming direction 2060$-2000$
1- Fare Value Gape which is expected to be filled at 2060$
2- Price above EMA200 H1 if break then fall can be expected towards 2000$
3- Bearish Head & Shoulder formation
A bearish head and shoulders pattern is a technical analysis chart pattern that may indicate a reversal of an uptrend. It is considered a reversal pattern and consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The neckline is a support level formed by connecting the lows of the two troughs that separate the peaks.
Here's how the pattern is typically identified:
1-Left Shoulder: The price rises to a peak and then falls, forming the left shoulder.
2-Head: The price rises again to a higher peak than the left shoulder and then falls again.
3-Right Shoulder: Another rise to a peak, which is lower than the head, and then a fall.
4-Neckline: Connect the lows of the two troughs between the peaks to form the neckline.
The completion of the bearish head and shoulders pattern is when the price breaks below the neckline. This breakout is often interpreted as a signal that the uptrend is reversing, and a downtrend may be starting.
Remember that predicting market movements involves a level of uncertainty, and it's essential to consider various factors, including economic indicators, geopolitical events, and market sentiment, in addition to technical analysis.https://www.tradingview.com/chart/GOLD/MfQHdf5B-Gold-Fare-Value-Gap-2038-2031-What-is-future/https://www.tradingview.com/chart/GOLD/TBUVj4kr-Gold-Prices-Expected-move-on-Bullish-OB-formation-SnR-MAs/
2- Price above EMA200 H1 if break then fall can be expected towards 2000$
3- Bearish Head & Shoulder formation
A bearish head and shoulders pattern is a technical analysis chart pattern that may indicate a reversal of an uptrend. It is considered a reversal pattern and consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The neckline is a support level formed by connecting the lows of the two troughs that separate the peaks.
Here's how the pattern is typically identified:
1-Left Shoulder: The price rises to a peak and then falls, forming the left shoulder.
2-Head: The price rises again to a higher peak than the left shoulder and then falls again.
3-Right Shoulder: Another rise to a peak, which is lower than the head, and then a fall.
4-Neckline: Connect the lows of the two troughs between the peaks to form the neckline.
The completion of the bearish head and shoulders pattern is when the price breaks below the neckline. This breakout is often interpreted as a signal that the uptrend is reversing, and a downtrend may be starting.
Remember that predicting market movements involves a level of uncertainty, and it's essential to consider various factors, including economic indicators, geopolitical events, and market sentiment, in addition to technical analysis.https://www.tradingview.com/chart/GOLD/MfQHdf5B-Gold-Fare-Value-Gap-2038-2031-What-is-future/https://www.tradingview.com/chart/GOLD/TBUVj4kr-Gold-Prices-Expected-move-on-Bullish-OB-formation-SnR-MAs/
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