Possible HEAD & SHOULDERS PATTERN FORMING on gold. If price can break the blue rectangle (neckline). Wait for price to retrace and retest before going further down. Gold is due for a retracement, however you NEVER know what price is going to do, so it may continue to go up.
Kommentar:
Price has broken through the neckline!
Kommentar:
Price retested the neckline and failed, neckline is now acting as support.