We have a possible head and shoulders formation on Gold. Upon a break below 3,358, we would have a target down to 3,327 which also would line up with our volume blocks on the VPVR. A break above 3,390 would negate this pattern. If we break down we are still in a macro ascending triangle formation which would be a bullish formation until proven otherwise.
Short Term : Bearish
Medium/Long Term : Bullish
Short Term : Bearish
Medium/Long Term : Bullish
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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.