TipTVFinance

Gold - Head and Shoulder on hourly

FX:XAUUSD   Gold Spot / U.S. Dollar
Pattern – Head and Shoulders: Neckline support around $1311/Oz

Rising trend line support around $1317…could extend up to $1319 over next few hours

A bearish break is seen happening if the Fed statement is hawkish. Knee jerk reaction could take prices down to $1284. As long as the hourly closing is below neckline levels, a drop to $1240 over next few days looks possible.
On the other hand, outright dovish statement could yield a move higher to $1340 - $1358 by weekend.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out