JoE
Long

A nice trading opportunity chart pattern setup explained

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
an hour ago
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***

XAUUSD just flashed a buy signal.
The Inverted H&S pattern neckline has already broken, and if we look closely at 4 hour chart, a pullback testing the neckline as support further confirms the fact.
Inverted head and shoulders pattern has a success rate of 79%~88% depending on the source of information.
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