Gold seems to be forming the right shoulder of and inverse head and shoulders pattern (IH&S) which would thus translate to a push upwards to 3391.355 to complete the pattern.
Equally there is a bullish channel with a clear M at the top where the bearish movement began.
There is a consolidation without a clear indication of whether its a continuous bearish pattern that will drop all the way to 3249.416 or it form a W formation.
Only time will tell.
Equally there is a bullish channel with a clear M at the top where the bearish movement began.
There is a consolidation without a clear indication of whether its a continuous bearish pattern that will drop all the way to 3249.416 or it form a W formation.
Only time will tell.
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.
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.