XAU/USD
We have a head and shoulder pattern here. the peak being around the 40-44 mark, The distance between neckline and peak is around 20 dollars. Therefore i think it will break the same amount under the neck/support line. so i'm putting a TP around 1210. May close earlier though. Along the way it has to break some support and resistance lines. P.S this is the first time i've done a H&S pattern. Excuse any mistakes, kindly correct them and i'd love to hear your opinions.
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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.