Gold
GOLD
3 attempted tries on it’s major resistance at $2070+ but couldn’t close above it.
Uptrend line support was broken during yr2022.
In the midst of forming head and shoulders pattern in the past 3 years chart.
Could this be the golden escaping wave?
Likely to decline towards $1810 support level first and once this support is broken, we could see $1616 next.
Duration towards mid term.
DYODD!
GOLD
3 attempted tries on it’s major resistance at $2070+ but couldn’t close above it. Uptrend line support was broken during yr2022.
In the midst of forming head and shoulders pattern in the past 3 years chart.
Could this be the golden escaping wave?
Likely to decline towards $1810 support level first and once this support is broken, we could see $1616 next.
Duration towards mid term.
DYODD!