NikaJourney

Will Head Neck And Shoulders Be Respected?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Last week, the Head Neck and Shoulder formation was formed and technically we're still sitting at the neck. All I'm waiting on this week is to see will the pattern be respected and the bear run continues, or will he hover and return back to the monthly at 1537.30 before we know the true move? My TPs are below. Will try to update more when each one hits.

BEAR TPS:
  • 1489.61
  • 1474.41
  • 1455.75
  • 1438.31

BULL TPS:
  • 1502.23
  • 1511.23
  • 1520.48
  • 1537.30
Comment:
BEAR TPs 1489.61 and 1474.41 were hit earlier today. Looking for all Bear TPs to hit this week since it's alot of market news for the USD this week.
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