gold is consolidating within a descending channel but has been able to create potential for a head and shoulders pattern which entails a reversal to the upside upon completion of the pattern.
price is in a bullish trend on HTF but has seen to be slowing down after approaching opposing trendline. we notice price in a correctional channel givinh us the impression that price break below before it can continue the major bullish trend OANDA:NAS100USD
price in good bullish momentum. we should expect price to go long unto marked resistance zone at price 1894 hence forming a double top and a possible cypher Patten. at resistance zone 1894 we might see rejection from the resistance zone , the 200 SMA and stochastic showing price in over bought zone therefore giving a bias to short📉 the market with two targets
price is in upward channel, after consolidating below the 1947.13 resistance zone . it broke out and the zone turned into a support zone. we are expecting price to re test it then continue its upward movement.
