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UnknownUnicorn705200

Head and shoulders on daily chart

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
UnknownUnicorn705200 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns head_and_shoulder headshoulders
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chartpattern head_and_shoulder headshoulders
We can see here a lovely head and shoulders forming on daily chart showing a potential drop equal to the neckline as drawn out on chart. TP will be set at 1431, should see over the next few weeks. This is just a pattern analysis, do not take my words for gospel.
Comment:
Coming up to crucial line to complete head and shoulders to expect a steep negative decline with possible 1440 in range
Comment:
Comment:
Neck resistance has broke, we can expect to see a continue of todays drop until around 1440. This has been a lovely example of head and shoulders formation.
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