Gold traded in a range yesterday with a high of 1850 and a low of 1830, more or less...
As I said before, my outlook for Gold is very bullish and the medium term and I expect a new leg up to begin soon.
In short term, we can clearly see an H&S pattern with the neckline at around 1830, but I don't think will have a continuation to target for this pattern (that meaning a fall of 500 pips after the break). More probable in my opinion is a false break under this neckline followed by a strong reversal up.
That being said I will look for opportunities to buy Gold and an ideal entry point would be 1815-1818 zone
As I said before, my outlook for Gold is very bullish and the medium term and I expect a new leg up to begin soon.
In short term, we can clearly see an H&S pattern with the neckline at around 1830, but I don't think will have a continuation to target for this pattern (that meaning a fall of 500 pips after the break). More probable in my opinion is a false break under this neckline followed by a strong reversal up.
That being said I will look for opportunities to buy Gold and an ideal entry point would be 1815-1818 zone
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.