on gold we see clear bullish violation of a neckline, now, as the market approached the structure high 1240, we see a steady pullback. Looking left we see multiple entry levels for long: 1234, 1228, 1215.
though the market has not violated yet the previous structure high 1240, the violation of neckline is a very strong signal to understand the market sentiment.
I will be looking for confirmation inside the zone.
trading this head and shoulders my stop will be just below the right shoulder, the initial target is based on structure.
Want more education and signals? Contact me in pm!