Possible HEAD & SHOULDERS PATTERN FORMING on gold. If price can break the blue rectangle (neckline). Wait for price to retrace and retest before going further down. Gold is due for a retracement, however you NEVER know what price is going to do, so it may continue to go up.
Note
Price has broken through the neckline!
Note
Price retested the neckline and failed, neckline is now acting as support.
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