So we have an inverse head and shoulders ons gold (GC1!) 15min chart - positive
We have a descending triangle on the same chart, negative.
We have a semetric triangle on the same chart.
If inverse head & shoulders plays out, its real bullish for price of gold to continue to $1600.
Play-out of the other two formations might only be a short term correction.
I still think we are on the way to test $1600...again.
We have a descending triangle on the same chart, negative.
We have a semetric triangle on the same chart.
If inverse head & shoulders plays out, its real bullish for price of gold to continue to $1600.
Play-out of the other two formations might only be a short term correction.
I still think we are on the way to test $1600...again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.