If gold breaks the neckline of the inverse head and shoulder pattern @1803 with momentum and stays there, it will probably target 1832 and then come back to retest the neckline and do some liquidity fishing to head up again towards 1895.
There is a possibility of changing the hole direction down to 1703, but I am still biased long on gold ; my reasons for that is that We have the price hanging above 200,100 and 55 EMA's on the daily chart , and the price broke the very strong monthly resistance @1756, as shown in the chart below.
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
There is a possibility of changing the hole direction down to 1703, but I am still biased long on gold ; my reasons for that is that We have the price hanging above 200,100 and 55 EMA's on the daily chart , and the price broke the very strong monthly resistance @1756, as shown in the chart below.
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!