Can you see that the trend is creating a head and shoulder formation in Gold's 4H movement? Yes it is and this is another very important indication of upcoming major sell-off trend, pulling the prices downwards and possibly breaching its major support at 1770 and then 1750 and ultimately cooling off below 1700. The upper major resistance is 1827, and a point where mass level gold shorts are expected.
This week, we may see major volatility in the metals.
If you like the idea, please follow me for more updates on Gold. Also, please like, comment and share this idea.