Gold looks bearish for the upcoming week with HS pattern
Updated
Description as in title. Wait for breakdown and retest of the neckline to take a position.
Disclaimer : Not a financial advice. I have a short position already since yesterday.
Disclaimer : Not a financial advice. I have a short position already since yesterday.
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The gold has triggered the Head and Shoulders pattern today. Watch out for tomorrow. If the Neckline of the HS pattern is retested and it holds , good place to initiate shortsOrder cancelled
The Head and shoulders failed on backline retest, invalidating the setup in this idea. Always wait for retest to neckline to validate the Head and shoulders patternNote
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