GOLD - At shoulder neckline of H + S, will it hold?...
- As shown on the chart gold has been bearish for the last couple of days and looks
like it may be forming the second shoulder of an inverse H + S pattern
- Currently at the lowest point of shoulder neckline
- Waiting to see if price breaks below this level, subsequently invalidating the pattern
OR whether it will complete the pattern and reverse to retest the important resistance
level of 1237 again.
Thoughts/comments welcome,
THIS IS NOT TRADE ADVICE
like it may be forming the second shoulder of an inverse H + S pattern
- Currently at the lowest point of shoulder neckline
- Waiting to see if price breaks below this level, subsequently invalidating the pattern
OR whether it will complete the pattern and reverse to retest the important resistance
level of 1237 again.
Thoughts/comments welcome,
THIS IS NOT TRADE ADVICE
Comment:
price has broken the shoulder neckline, this pattern is now invalid