Gold price rejection at 1874 resulting in pattern
It has been noticed that previously price rejection was at level 1863 and gold touched 1847 making left shoulder of the Head and Shoulder pattern.
After that it touched 1869 and then it touched 1841 making head. Similarly when it touched 1864 again it went down to 1828 making right shoulder.
This time the price has been rejected on 1874 which seems like gold does note has fuel to cross 1900.
Overall, on daily and weekly it is an uptrend. In my opinion, it might test 1830-1760 to rise again.
After that it touched 1869 and then it touched 1841 making head. Similarly when it touched 1864 again it went down to 1828 making right shoulder.
This time the price has been rejected on 1874 which seems like gold does note has fuel to cross 1900.
Overall, on daily and weekly it is an uptrend. In my opinion, it might test 1830-1760 to rise again.
Aviso legal
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