A clear Head and shoulder reversal has formed. Bulls will push price above the liquidity before downtend resumes.
Price continued to slide into bearish territory with price broke out from rising wedge. This gives us a sell signal.
Price broke above the descending channel and price is likely to make a bullish reversal.
Gold formed a bearish HNS pattern. Sell to previous support area.
Completion of reversal head and shoulder pattern. Price will be bullish and move inside the channel.
As explained in the chart, Bears are in control now. Wait for price to return into supply zone before a sell entry is considered. Look for bearish confirmation to go short. All the best!
Gold is in long downtrend term. Gold has the potential to retest the bull breakout at $1360. We should sell at every rally.
After a strong bullish breakout from pennant pattern, Price made a pullback to 0.762 fib level. The bulls are pushing price up again.