4HRLY chart Short opportunity
Although historically Gold has entirely played within its bullish channel but After several runs at 1800 gold has failed to secure bullish momentum to 1812 and looks likely to break the resistance. This provides an opportunity to short to the next resistance level 1760s.
Could also be forming a head and shoulder pattern with the top being at 1800.
What are your thoughts?
Could also be forming a head and shoulder pattern with the top being at 1800.
What are your thoughts?
Penafian
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