Gold Long - Bull Flag + Inverted Head and Shoulders
On the Weekly chart Gold has formed a Bull Flag (a somewhat volatile one) and if we look at the Daily chart we can see an inverted Head and Shoulders pattern.
The safe haven instruments have not reacted much to the drop in dollar and I think there is a big bullish move coming next week if dollar weakness is continuing - a delayed but more momentum strong move.
The safe haven instruments have not reacted much to the drop in dollar and I think there is a big bullish move coming next week if dollar weakness is continuing - a delayed but more momentum strong move.
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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.