GOLD long setup
Gold is on play of making a possible Head and shoulder pattern and also falls inline with a 618.8% possible retracement, I expect to see price respect the head and shoulders pattern and upon a clear candle stick rejection a long trade would be favorable. There are many confluences at the 1720.03 support level which coincides with our head and shoulder pattern. our take profit fall in line with previous support of 1761.49 and will be a possible resitance and our stops just below the previous low which is our head.
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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.