GOLD ROLLING SPOT HEAD AND SHOULDER GOLD ROLLING SPOT printed a head and shoulder pattern with a bearish divergence. short position has been deployed as shown on charts below the neckline sell stop position has been placed
Market insights
If its clear enough its wrong - BIG SHORT OR LONGTrading is always based on trick thats designed by majority ETF holders and hedge funds managers. The gold harmoney here based on GoldSpot Tokyo rollover price measure by DXY compared to XAUUSD
This line indicate that market rallied very high and has to find tracement extension , if everybody buys gold to make money , price will shoot and Hedge funds will buy it expensive , little shakes to make it unpredictable. This Support line is great held many points and today another test to hold tight or break
Lower level 1482 then 1460 (Feb. Levels from Weekly chart on last 10 years)
Gold Spot LimitFinally Gold touch limit for small retracement before buy again and breaking huge 3 Y resistance , going up to 1700
