hello guys!
I'd like to bring your attention to the current situation in the gold market. Gold is currently forming a head and shoulders pattern, but it is important to note that this pattern is indicating a downward movement and a bearish trend specifically within the 15-minute time frame.
Considering these circumstances, it would be wise to exercise patience and avoid rushing into any hasty decisions until the price either breaks the neckline (which would suggest a reversal pattern) or continues its current trend. Once this occurs, you can then make an informed decision regarding your position.
If, however, you are inclined to take a position at this time, it is logical to consider a short position given the prevailing bearish trend.
What are your thoughts on this matter?
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