DrDovetail

Successful IH&S Breakout on Gold; Should Sustain Golden Cross.

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DrDovetail Обновлено   
TVC:GOLD   CFD на золото (US$ / OZ)
After initiating the golden cross on gold it soon after break above the inverse head and shoulder neckline and then proceeded to reach the breakout target and a few pips above before correcting which to me signals this golden cross should likely be sustained.
Комментарий:
the bear side of the coin is that price action is currently finding resistance under the 1day 50ma (in orange) and that we may have completed a left shoulder and head to a normal bearish head and shoulders pattern. Must keep a close eye on it's development but if we can nullify it's potential then the golden cross should sustain.
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