GOLD USD 'BIG PICTURE' Daily H+S Reversal Pattern

Gold/U.S. DollarFXCM

Description

⋅ Jan 30, 2015 6:11 PM

Head and shoulder reversal pattern drawn on the chart.

Price is falling toward the neck line (resistance turned support) which is confluent with the 50-61.8% retracement area.

Possible Long set up, will see how this one plays out.