Gold formed head and shoulders pattern on H4 and have broken the neckline and back again
gold is ranging now at the right shoulder between support of 1969 and 2011-2014
depending on the news coming yesterday from usa about first republic bank we cannot confirm yet the next move
whats my expctation :
SMA 200 is making resistance now at 2000$
it may visit 2011-2014 before a big drop considering breaking the h&s pattern on h4 check chart
next waiting 1969 to be broken to target 1920
for now technically i dont see more bullish waves
you may trade between the ranges above or wait to break 1969 for a big move
gold is ranging now at the right shoulder between support of 1969 and 2011-2014
depending on the news coming yesterday from usa about first republic bank we cannot confirm yet the next move
whats my expctation :
SMA 200 is making resistance now at 2000$
it may visit 2011-2014 before a big drop considering breaking the h&s pattern on h4 check chart
next waiting 1969 to be broken to target 1920
for now technically i dont see more bullish waves
you may trade between the ranges above or wait to break 1969 for a big move