Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
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.