Gold indeed formed head and shoulder pattern as illustrated in the graph.
But it didn't go up to 2400 as I expected.
2367 was the weekly high.
As month end is near, we could see a large red bar next week.
Buying is not advised. Selling from high is my only strategy.
We should see 2272 broken and most likely 2218 reached.
Happy trading but do not be greedy.
But it didn't go up to 2400 as I expected.
2367 was the weekly high.
As month end is near, we could see a large red bar next week.
Buying is not advised. Selling from high is my only strategy.
We should see 2272 broken and most likely 2218 reached.
Happy trading but do not be greedy.
Note
Monthly candle is red now. This is the confirmation for medium bearish sign.
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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.