January head and shoulders potential
Based on the resistance between 1200 and 1190; constant testing of 1200 but failure to hold, and Incoming Potus Trump.
Notice how the neck line has multiple bounces.
If gold can't get up over 1200 and stay there, it is my idea that:
January 17th - Target 1185
January 18th- Retest of 1200 resistance
January 19th- Target below 1160
January 20th- Clear 1200 resistance (hypothesis involves a trump spike)
Smash through the 1200 resistance and continuing upward trend near 1230.
Notice how the neck line has multiple bounces.
If gold can't get up over 1200 and stay there, it is my idea that:
January 17th - Target 1185
January 18th- Retest of 1200 resistance
January 19th- Target below 1160
January 20th- Clear 1200 resistance (hypothesis involves a trump spike)
Smash through the 1200 resistance and continuing upward trend near 1230.
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