Gold- Is it carving a H&S?
Yesterday, Gold dropped to 1780 zone to confirm it as support and quickly reversed losses and rose to 1810 zone resistance.
At this moment this resistance can be the right shoulder of an H&S.
A drop under 1800 zone could accelerate losses towards 1780 support and a break here would confirm the pattern and expose 1750 zone support.
The target for the formation is 1730 and a break above 1810 resistance would expose the recent 1830 recent high
At this moment this resistance can be the right shoulder of an H&S.
A drop under 1800 zone could accelerate losses towards 1780 support and a break here would confirm the pattern and expose 1750 zone support.
The target for the formation is 1730 and a break above 1810 resistance would expose the recent 1830 recent high
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