Gold Head and Shoulder Pattern - Good short below neckline
Gold is showing a change in DOW theory
Made a Lower High, so, expecting a Lower Low
Chart pattern seen is Head and Shoulder, if breaks neckline then good short.
Target marked in the chart above.
Made a Lower High, so, expecting a Lower Low
Chart pattern seen is Head and Shoulder, if breaks neckline then good short.
Target marked in the chart above.
Trade closed manually
trailing stop profit hit...now giving a morning star pattern...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.