FXShinobi

GOLD HEAD AND SHOULDERS PATTERN - WILL BEARS SUCCEED?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey traders,

On the H1 charts for Gold I see a Head and Shoulders pattern that has formed.

If price can break the neckline I see price going down until about 1435 or until we see signs of reversal.

Simple technical analysis and price action.

Risk management is king.

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