What extent gold could fall according to head and shoulders .
Gold price has fallen bellow key support after hawkish central bank comment.
On the daily charts, the rebound at the beginning of the month was feeble, retracing only 38.2% of the May decline. A measured price objective of the May downswing, points to a fall toward the 200-day moving average (now at about 1852).
Strategy:
short:1910
Stoploss 1930
target-1 1890
Target -2 1856.
Don't forget to follow me to get more update. Good luck
On the daily charts, the rebound at the beginning of the month was feeble, retracing only 38.2% of the May decline. A measured price objective of the May downswing, points to a fall toward the 200-day moving average (now at about 1852).
Strategy:
short:1910
Stoploss 1930
target-1 1890
Target -2 1856.
Don't forget to follow me to get more update. Good luck
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