Hello my friends, today I want to talk to you about XAUUSD.
I made a few conclusions about Gold.
Price trades inside of head and shoulders pattern now.
Left shoulder and head formed and the right shoulder can be formed soon.
If gold rise to resistance zone, I expect that price can start to decline and break support level, also is neck, which is located at head and shoulders pattern.
Also, I think that gold continue to move down to support zone $1715 and $1700 where I set up my target.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about Gold.
Price trades inside of head and shoulders pattern now.
Left shoulder and head formed and the right shoulder can be formed soon.
If gold rise to resistance zone, I expect that price can start to decline and break support level, also is neck, which is located at head and shoulders pattern.
Also, I think that gold continue to move down to support zone $1715 and $1700 where I set up my target.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.