Gold head and shoulder pattern 4H.
Price broker out of the symetrical triangle last week.
Price hit resistance at both the harmonic triangle move (1124) and the 200MA.
Price closed below the 21MA on friday with big selling volume on the break of 21MA.
I am already short from the harmonic move @1123.
SL: 1128
Target 1: 1100
T2: Hold with BE stop.
Price hit resistance at both the harmonic triangle move (1124) and the 200MA.
Price closed below the 21MA on friday with big selling volume on the break of 21MA.
I am already short from the harmonic move @1123.
SL: 1128
Target 1: 1100
T2: Hold with BE stop.
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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.