GOLD INVERTED HEAD AND SHOULDERS

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Currently, we are at a weekly support level, which is in confluence with the golden ratio of the Fibonacci Retracement. On top of that, we have a trend line that have been forming since the beginning of 2019 acting as support.

That is why we could see a bounce of this level to complete the H&S patter.

On the other hand, if we break below the trend line and below the weekly support, we should see 1675 again!
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What do you think?

Good luck traders,

Not financial advice
Manage risk and leverage
DYOR

NajjarTrading

Trade closed: target reached:

Good so far, in profits, SL to Break Even