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KKirito
Mar 9, 2021 6:42 PM

XAUUSD - History Repeating P2 - H&S Long

Gold/US DollarSaxo

Description

Gold has now completed the original idea. I'm still yet to take a position as other Technical Chart Patterns developed. (Patience is a virtue)

Gold is currently forming into a Head & Shoulders chart pattern, which is on track to consolidate around 1717 - 1723 before breaking back down to the 1680s. I then expect price to complete its right shoulder and continue pushinging up towards .618 before re-testing 764 to 'finally' breakout.
Comments
AlkalineFX
Great analysis bro!
KKirito
@AlkalineFX, Thanks bro. It kind of got invalidated though, Ive wrote a new post which I think you may agree with.
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