Is there a Head and shoulders forming?
Prices to retest Fibo retracement will form the right shoulder of pattern. Up turning Stochastic support at least 1-3 days of up movement.
Hard to tell if this up swing is it a buying into correction or caused by those late to the party. But long term trend of gold price has not been broken yet.
Will wait and see
Prices to retest Fibo retracement will form the right shoulder of pattern. Up turning Stochastic support at least 1-3 days of up movement.
Hard to tell if this up swing is it a buying into correction or caused by those late to the party. But long term trend of gold price has not been broken yet.
Will wait and see
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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.