Andre_Cardoso

Reverse H&S pattern being forged // 4h chart

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Good holding of 1.618 ratio between head and shoulder;
Shoulder at 1180 area;
If break through 1180 H&S will fail (signal of downward trend continuation). H&S target points at 1220 area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.