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Gold - setting up for Inverted H&S
Gold Spot / U.S. Dollar
Long
Gold - setting up for Inverted H&S
By Umlingo
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Sep 2, 2024
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Sep 2, 2024
Gold on the intraday chart has formed a Left Shoulder, Head and now may be forming a right shoulder.
With this a neckline can be established .
Look for a break of the neckline to go long to Supply ( equal to height of the head) .
The VSA is printing lower volume in each peak, which confirms a potential for this pattern.
Chart Patterns
Technical Indicators
Umlingo
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