GOLD USD 'BIG PICTURE' Daily H+S Reversal Pattern
Head and shoulder reversal pattern drawn on the chart.
Price is falling toward the neck line (resistance turned support) which is confluent with the 50-61.8% retracement area.
Possible Long set up, will see how this one plays out.
Price is falling toward the neck line (resistance turned support) which is confluent with the 50-61.8% retracement area.
Possible Long set up, will see how this one plays out.
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.