ptumelo365

Head and Shoulders formation

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
A break below the Golden Fib 61.8 could bring the head and shoulders formation into play. The default targets of the pattern would get us trading right above the ascending wedge breakout
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.