Gold is forming head and shoulders patterns. I believe the price of gold will drop to reach 1542.5 as shown in the above chart. The pattern completed all its formation process as shown in this blog. The setup for this trade is as below: Sell price = 1568.1 Take profit = 1542.5 Stop-loss = 1577.3
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.