After a rally price in gold is has already formed a shoulder and the head of a pending H&S pattern. If price reverses and climbs once again till the level of the left shoulder we should watch a sell setup to complete. This trade is what we call a big fish! It offers tremendous risk/reward ratio with more than one opportunities if we have that massive drop..
So be patient and keep a closer eye to gold..
So be patient and keep a closer eye to gold..
Comment:
Price has reached at the left shoulder level. We should keep a closer eye, for a sell setup to complete
Comment:
Breaking below this wedge pattern we will possibly have the begining of a big downmove.
