Gold was in a bullish trend for quite some time. Now we observe a reversal pattern called Head and shoulder. It is a Reversal pattern.
Right Now On the price chart, you will observe a pattern of lower highs and lower lows. This pattern signifies a consistent downward movement in the market, as each subsequent high and low is lower than the previous one.
Also, there is no Bullish Divergence Right Now.
Right Now On the price chart, you will observe a pattern of lower highs and lower lows. This pattern signifies a consistent downward movement in the market, as each subsequent high and low is lower than the previous one.
Also, there is no Bullish Divergence Right Now.