1405 XAUUSD H&S pattern helping it drop down to 1642

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

Gold is on our selling list, as we mentioned in our last several ideas for a while.
Now there is a H&S pattern for it to go with too.
The upper pressure line is considered as valid as long as a bear signal keep showing here.
The new impulse leg could reach the bottom line , 1642, for 70 dollars.

Good luck !!!

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what the hell are you drawing
+3 Reply
I think gold is trying to form a triangle rather, clearly on h4.
Hey Trader, Head should always be higher than shoulders that's when it forms a h&s pattern
Good luck trading
+1 Reply
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