🥇 GOLD Retest 1900. Gold begins to fall
Gold is drawing a global "Head & Shoulders" pattern. Does it mean that the market is turning around?
1) The price begins a correction and passes the main density zone
2) If the price goes below 1901.7, it will open the way to 1879.
3) The 1901 zone is a strong support, there is a chance of a pullback to the density peak of 1910
4) In the future there is a possibility that the correction might continue up to 1879
At the moment it is acceptable to use sales, if the price will go into the critical zones
- consolidation below 1910
- consolidation below 1901
1) The price begins a correction and passes the main density zone
2) If the price goes below 1901.7, it will open the way to 1879.
3) The 1901 zone is a strong support, there is a chance of a pullback to the density peak of 1910
4) In the future there is a possibility that the correction might continue up to 1879
At the moment it is acceptable to use sales, if the price will go into the critical zones
- consolidation below 1910
- consolidation below 1901
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