gold showing signs of a reversal pattern(head and shoulders) left shoulder at 1260 head at 1284 right shoulder at 1261 levels.currently the trend line is at 1213 levels,which may come today or on monday,if that level is broken we have a support at 1182 levels,if this trade has to be taken it should be taken as a positional one.cmp 1229.60,sl is 1245 ,resistance is seen at 1243 levels,sell and when 1217 levels come shift sl according to levels,which will update later.no buying even if sl is hit.coz this is a reversal,only take sell signals,or sell calls,its going to be a speedy crash,so fasten ur seat belts.
Comment:
sl hit
Comment:
it didnt turn to be a head and shoulders pattern,its a symmetrical traingale pattern