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Mezzoforte_Privilege
Dec 18, 2022 6:58 PM

XAUUSD final H&S before bull run Short

GOLD (US$/OZ)TVC

Description

Hi everyone,

I noticed an Head & Shoulders pattern ( H&S ) that is being formed following the rejection from the bearish candle that closed after the previous week's Doji. We have multiple bearish confirmations to take this trade and long the reversal by next years first NFP.

Please share your thoughts.


Discalimer
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Comments
Skylark1982
Hi! I feel gold runs as a few years of cycle if you look into weekly charts. I think there will be a down trend for another year or 2 before the bull run again. Just my opinion.
Mezzoforte_Privilege
@Skylark1982 thanks for sharing, truly appreciated
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