Gold / Golden head and shoulders
Gold has reached the ceiling of the head and shoulder channel
Here, it can start falling towards the following targets based on head and shoulders:
2296.052
2270.395
2252.988
If the head and shoulders channel is broken, gold will reach the targets
2394.623
2425.768
grows
Here, it can start falling towards the following targets based on head and shoulders:
2296.052
2270.395
2252.988
If the head and shoulders channel is broken, gold will reach the targets
2394.623
2425.768
grows
Note
If gold breaks the bullish trend in the 1-hour time frame due to the MACD divergence, the fall is confirmed.Note
Target 1 was achieved
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.
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.