Hello traders!
So, In my previous idea about gold I suggested we might going to see the last leg of inverse Head And Shoulders pattern, as I write now we can see it made half way of that leg, broke(again) the purple resistance line and retested it, so we can say it's a support line now, and broke the strong liquidity zone and retested it as well, not only that, we had 2 weeks ago a golden cross.
If the scenario I'm talking about here is right and we're going to complete the H&S pattern, we would like to be long at least until the 1900 area, which is the end of the pattern and has a strong resistance downtrend line, In my opinion we're going to see it also breaks and try to get a new all time high as the strong inflation wrapping us.
Did you like it?
What do you think about my idea?
So, In my previous idea about gold I suggested we might going to see the last leg of inverse Head And Shoulders pattern, as I write now we can see it made half way of that leg, broke(again) the purple resistance line and retested it, so we can say it's a support line now, and broke the strong liquidity zone and retested it as well, not only that, we had 2 weeks ago a golden cross.
If the scenario I'm talking about here is right and we're going to complete the H&S pattern, we would like to be long at least until the 1900 area, which is the end of the pattern and has a strong resistance downtrend line, In my opinion we're going to see it also breaks and try to get a new all time high as the strong inflation wrapping us.
Did you like it?
What do you think about my idea?
