TayFx

Gold Inverse H&S 12:57:23 (UTC) Mon Jun 15, 2020

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Watching for support at the right shoulder of the current inverse head and shoulder (bullish reversal) pattern for Gold, selling off this morning while most equities around the world are selling off. This is typical when investors are taking gain to cover losses seen in both the fixed income/ sovereign debt markets and equities that are both in heavy red after the first two trading sessions this week.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.