GOLD (XAUUSD): H&S POTENTIAL, DON'T MISS THIS OPPORTUNITY
Gold major downtrend is respected. I expect a new downtrend because there will be a lower high.
Potential shorts can be opened at all Fibonaccis.
Take profits:
TP1 1813
TP2 1802
TP3 1792
TP4 1776
Reversal/pullback possibly at 1753
Chance to open small longs to retest the 1800 resistance and complete the elliott wave
Potential shorts can be opened at all Fibonaccis.
Take profits:
TP1 1813
TP2 1802
TP3 1792
TP4 1776
Reversal/pullback possibly at 1753
Chance to open small longs to retest the 1800 resistance and complete the elliott wave
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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.