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Holmes1274
Mar 11, 2022 1:08 AM

XAUUSD Head and Shoulders Pattern  Short

Gold / U.S. DollarFOREX.com

Description

Good afternoon traders!

From my perspective I am seeing a bearish reversal in Gold from previous resistance zone near price 2050, with a full bearish engulfing candle. Also, I am seeing price for a Head and shoulders pattern with a continuation to support level 1880. With so many different fluctuations in the market due to news and what is happening with Ukraine and Russia the market can be a bit unpredictable, buttttt in times of uncertainty Gold can be a safe haven for traders to buy.

Stay tuned next week to see what price wants to do!

- Janisha Holmes
Comments
hamidreza_FX
Excellent
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