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smartstep78

Gold head and shoulder pattern neckline break !!!

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
smartstep78 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns
4
1
chartpattern
Gold broke the neckline of head and shoulder pattern and is testing the neckline on the daily.
Comment:
Though the neckline broken don't initiate a short now as the dollar weakness continues gold may test trendline above around 1248-50 area.
Comment:
Though the neckline broke prizes are retesting the right shoulder . Resistance area 1242-1254.
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