Gold Bullish
Bullish head and shoulders pattern is prevalent on the Gold daily chart.
It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation.
2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens
It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation.
2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.