GOLD - INVERSE H&S PATTERN | 200MA / 61.8% FIBONACCI RETRACEMENT
- Gold forming an inverse head and shoulders pattern on the daily timeframe
- Price has touched the 200DMA and tested it yet again indicating a bounce
- 61.8% Fibonacci retracement has been touched indicating the potential end of the recent downturn
- Price expected to bounce and reverse higher in another attempt at breaking the 2020 ATH
- Long positions will be stacked and added upon successful breakout and retest of the neck-line
Aviso legal
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