xauusd ---> is this a reversal pattern?!
hello guys...
my last analysis is kind of completed and I think the last one wasn't eye-catching! so I change the color.
in the daily time frame, gold formed an ascending channel as you can see:
the bottom line of the channel is forming a double head and shoulders, it is clear in that chart!
because this pattern happens in the bottom of the channel so it is more possible that the pattern become a reversal one, but I recommend you wait until the neckline breaks up the get a long position!
but if the head breaks down it means the parallel channel breaks down either, so the trend of gold changes to bearish in a daily time frame!
---------------------------------
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
my last analysis is kind of completed and I think the last one wasn't eye-catching! so I change the color.
in the daily time frame, gold formed an ascending channel as you can see:
the bottom line of the channel is forming a double head and shoulders, it is clear in that chart!
because this pattern happens in the bottom of the channel so it is more possible that the pattern become a reversal one, but I recommend you wait until the neckline breaks up the get a long position!
but if the head breaks down it means the parallel channel breaks down either, so the trend of gold changes to bearish in a daily time frame!
---------------------------------
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment:
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