MMBTtrader

XAUUSD completing head and shoulder and will rise soon🚀 ?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
As we can see this time we can expect falling to 1720 and start to reach our targets :
a.1760
b.1780
for now and that would be head and shoulder pattern too if get complete even we can expect great movement started from now too .

so
Green paths :are what we expect to reach our targets but we should consider it that Gold is Bearish now so
Red paths: if new support on 1707 break and retest complete then we would expect target 1660 that is strong daily support too .

some previous analysis that were all bearish is :

and..

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Comments

Retest completed congrats! now up or gold continue falling because of bitcoin interest. What do you think?
+1 Reply
MMBTtrader Haideralshal
@Haideralshal, no breakout in support (with retest ) so we are still in bullish scenario

1700 should break then retest get completed then we would look for bearish
Reply
Haideralshal MMBTtrader
@MMBTtrader, I understand now! thx a lot you are amazing
Reply
MMBTtrader Haideralshal
@Haideralshal, most welcome
Reply
I love it
+1 Reply
MMBTtrader Miska_Fx_Millionaires
@Miska_Fx_Millionaires, thanks a lot
Reply
good deal, I like that, excellent setup.
+1 Reply
MMBTtrader ProjectSyndicate
Reply
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