Gold Forms Head and Shoulders Pattern on 15-Minute Chart!!!
Gold is showing a classic Head and Shoulders pattern on the 15-minute chart, signaling potential bearish momentum. The key breakdown level is at 2770 on a closing basis.
If the price closes below 2770, it could confirm the pattern and trigger further downside. A move above 2777.89 (right shoulder) would invalidate this setup. Traders should watch these levels closely for potential trading opportunities.
Disclaimer: Conduct your own research before trading.
If the price closes below 2770, it could confirm the pattern and trigger further downside. A move above 2777.89 (right shoulder) would invalidate this setup. Traders should watch these levels closely for potential trading opportunities.
Disclaimer: Conduct your own research before trading.
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