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ScotianBot

Possible inverted H&S for GOLD?

CFDs on Gold (US$ / OZ) (TVC:GOLD)  
ScotianBot Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Support and Resistance Gold goldusd Ascending Triangle invertedheadandshoulders Inverse Head and Shoulders goldtrading goldidea
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trendanalysis chartpattern supportandresistance gold goldusd ascendingtriangle invertedheadandshoulders inverseheadandshoulders goldtrading goldidea
The right shoulder of this inverse head & shoulders is noticeably higher than the left, which makes the pattern more bullish, upon closer observation a Ascending Triangle is potentially about to breakout to the upside.

The rsi on a long term time frame of 5 years or more displays bullish momentum or a potential bearish divergence.

Comment:
Same chart, one-year time frame.
Ascending Triangle & Inverted Head & Shoulder breakout.

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