As I mention yesterday, the head and shoulder structur is imminent, and now it is confirmed. The yellow area is our new ressistance, which will hold the gold from going upward, then continue its bearish trend (hopefully). Today's scalping will focus on selling the gold. Good luck!
This pair seems to move upward, after hard bearish push for a while. We re now hoping the price reject its ressistance, before we take any trade. Hope it helps!
Well, consolidation in XAUUSD, regarding to the next NFC and interest rate decision is properly drawn by the chart. We're now seeing a Head and shoulder structure in H4. Green area is my sell Area. I will try to find a red confirmation candle in 1H timeframe. What do you think will happen to gold today?
I am opening a short position, All explained by the chart. Hope it helps.
The inverted Head and shoulder on this pair is Valid! It is now going up, as for the trend now is reverse from short, to long. What do you think?