Ryan_Gorman

Gold Inverse Head and Shoulders

COMEX:GC1!   Gold Futures
As Gold has been in a down trending market since the March highs, we can now see an inverse head and shoulders pattern and a potential low to be forming. There was also bullish fundamental news from the World Gold Council that central banks bought a record amount of Gold in Q3 of 2022, and a potentially large number of unreported buying. There is a great slate of economic data this week and next, so keep an eye on the dollar and the bond market and how Gold can hold these levels and look to push higher.


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