Simple Trading - Head and shoulders
It doesn't get more simple than this. Pay attention to the pattern. With a Strong USD, Gold can finally take a break, make some moves to the downside, and retest some support zones. Gold is about to make a HUGE move to the downside if the price can not hold above 2325.
Look to SELL NOW! Price is at the bottom of the horizontal support line. Look to place another buy once the price breaks below the slanted white neckline of the pattern.
Target is 2280, if the price breaks below sell to 2220
*These are just my thoughts, not financial advice.
It doesn't get more simple than this. Pay attention to the pattern. With a Strong USD, Gold can finally take a break, make some moves to the downside, and retest some support zones. Gold is about to make a HUGE move to the downside if the price can not hold above 2325.
Look to SELL NOW! Price is at the bottom of the horizontal support line. Look to place another buy once the price breaks below the slanted white neckline of the pattern.
Target is 2280, if the price breaks below sell to 2220
*These are just my thoughts, not financial advice.
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.
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.