GOLD Temporarily Bearish? Yet Inverted H&S Possible $1830- $1950

9 дек. 2020 г.

Gold hit my target of $1870, now what? This chart is showing a continuation pattern into yet another inverted H&S. To make this happen we must see a small pull back or sideways consolidation before going up. This will reset the RSI and build confidence. I have a target of $1830 for the pull back, then an upper target of $1950+/- . Falling below $1820 is a sign of weakness, sub 18k pretty well invalidates the pattern and would lead to a consolidation around $1755- $1780. This is speculation at best and certainly not financial advice.