Hi traders,
Gold creates Head and shoulder pattern and also reject the Double Top.
Candles shows some bearish momentum and Price action.
1st confirmation after closing of 4 Hourly below Hull moving average.
2nd confirmation,when it breaks $1772 conflict area of Neck line and weekly PP.
Recommendation: Short after break the $1772.
Targets are: $1758 and $1742.
PS: This trade is not valid if market will not break $1772.
Good Luck!
Gold creates Head and shoulder pattern and also reject the Double Top.
Candles shows some bearish momentum and Price action.
1st confirmation after closing of 4 Hourly below Hull moving average.
2nd confirmation,when it breaks $1772 conflict area of Neck line and weekly PP.
Recommendation: Short after break the $1772.
Targets are: $1758 and $1742.
PS: This trade is not valid if market will not break $1772.
Good Luck!