Head & Shoulders pattern inside of the Symmetrical Triangle
Short Term Market Direction prediction :
Recently spotted symmetrical triangle within an ascending direction of Gold's recent moves ( 2 Higher lows and 2 higher highs ) It seems the 3rd one hasn't been made just yet ... According to this possible head & shoulders pattern formation inside of the Symmetrical triangle I've just spotted today, and the strong positive US data which helped me to kind of predict the price move, might lead to the test of 1277 support lvl before it goes higher. Thanks to well expected bounce off from the strong symmetrical triangle resistance trend line, it just might take down direction for couple days from today and come back higher next week .. Do not hesitate to make agree/ disagree comments below.
Recently spotted symmetrical triangle within an ascending direction of Gold's recent moves ( 2 Higher lows and 2 higher highs ) It seems the 3rd one hasn't been made just yet ... According to this possible head & shoulders pattern formation inside of the Symmetrical triangle I've just spotted today, and the strong positive US data which helped me to kind of predict the price move, might lead to the test of 1277 support lvl before it goes higher. Thanks to well expected bounce off from the strong symmetrical triangle resistance trend line, it just might take down direction for couple days from today and come back higher next week .. Do not hesitate to make agree/ disagree comments below.
