The potential gold head and shoulders are formed, right now Will reach the key position 1358, and still AB=CD, is there a key reversal?
Comments
Victor.Y.F
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Thank you! It's very strange that DXY goes down with gold could be RMB is strengthening. It's bad if so stagflation is coming. Holding cash now.
Junny_duan
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Gold's safe haven properties can not be ignored oh,
I do is purely technical analysis, Hei hei
Victor.Y.F
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Thank you! RMB is strengthening and dragging down A shares for social funds entrance. I suppose that USDCNH will drop to 30 weeks SMA or 55 weeks SMA. We're expecting very low inflation in several months. You're good xiaoduan, carry on!
ZainSaeed
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yup this is a nice head and shoulders formation it may drop from here or go little more up hopefully it works as you mentioned