Inverse H&S + bounce off support + broke trendline and confirmation complete after retest. TP: 1502 SL: 1495
Downtrend. Bouncing off the resistance trend line. Hammer/Shooting Star formed at the top of a high indicating downwards movement. TP: 1496.5 SL: 1499.5
On the daily chart: Gold has formed a double top pattern and could possibly form a head and shoulders pattern. On the weekly chart: Gold has a shooting star. Indicating trend reversal. This week has tested the resistance level and followed through with the trend reversal. We should be seeing a break of 1500 and 1490. TP 1: 1500 TP 2: 1490 TP 3: 1480
Falling wedge pattern formed on XAUUSD. TP: 1514 SL: 1500
Possible head and shoulders on 1H timeframe. TP: 1540.
XAUUSD to break through support and head back down to next support level.
Double top formed. H4 Trend still intact. Expected to drop to the support level. TP :1435 SL: 1451
Rising wedge formed on XAUUSD - indicating a drop in price.