On the 15-minute gold chart, a Head and Shoulders pattern is forming. If this pattern completes, the price could experience a significant drop, potentially reaching the $2638 level.
"Market fluctuations in the final month of the year, especially in the commodity market, are very low due to liquidity shortages. Therefore, trading during this period is highly risky. Use reasonable trade volumes and do not trade without setting stop-loss and take-profit levels."
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.