Gold shows a reversal pattern which is a head and shoulder building , so it will be true valid on breaking the 1749 level of expected neck line and so will give a 1st target at 1590 then 1453.24 ..
Pure price action ..
On neck line cleavage .. it is better to short and if not , it is recommended to short on retest of neckline as a pullback .. then it is likely to continue to 1453.24 ..
Pure price action ..
On neck line cleavage .. it is better to short and if not , it is recommended to short on retest of neckline as a pullback .. then it is likely to continue to 1453.24 ..
Сделка активна:
The neckline is now cleaved strongly .. it means that target may be closer than expected ..
Best wishes
Best wishes