TipTVFinance

Gold- head and shoulder and possible Cypher

FX:XAUUSD   Gold/U.S. Dollar
Resistance- $1288, $1293, $1303

Support- $1283, $1278-1276, $1263

  • Gold's turn lower from the higher of $1294 levels led to formation of lower top formation and added credence to the possibility of head and shoulder breakout on the hourly chart.
  • The neckline at $1278 could be pierced thus opening doors for a drop to support t $1263 (which could be point C of Cypher pattern from where a fresh bullish move could happen).
  • On the other hand, a failure to dip below $1283 followed by a break above $1294 would open doors for a rise to $1300-1303 levels.
st.jingfengyu
5 months ago
the support was exactly at $1263, good forecast!
Reply
TipTVFinance PRO st.jingfengyu
5 months ago
Thanks. hoping to see a rebound now towards point D
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out