possible head and shoulders formation on gold
After the rally of the USD following the minutes from the meeting on Wednesday, we have a bearish structure forming on gold resulting in a clear head and shoulders formation moving towards the 1880.00 level
This strength is the USD is extended to other USD pairs and is support by the technical analysis shown in the DXY
SL:1955.00
TP: 1880.00
R:R : 2.04 currently
This strength is the USD is extended to other USD pairs and is support by the technical analysis shown in the DXY
SL:1955.00
TP: 1880.00
R:R : 2.04 currently
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.