clive1

GOLD INVERSE HEAD AND SHOULDERS

Long
clive1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD just broke out of the channel to the topside and formed an inverse head and shoulders pattern. Expecting price to retest the inverse head and shoulders neck line followed by a strong bullish move targeting at least 1240 area which is also a strong resistance level and 200MA level.
Good luck guys.
Comment:
The 1240 is also a 200 MA level

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