Gold - Potential H&S
On the intraday chart, Gold may be in midst of completing a H&S pattern.
Price has formed the right shoulder peak . A Neckline is discernable.
Momentum and Volume are in divergence to price. That is , there is a progressive decline in both as the price looks to form a third peak.
A short trade is considered
a. Aggressive - from this peak, with stop outside the ATH.
b. Conservative - from a neckline break.
Target is structural support below.
Price has formed the right shoulder peak . A Neckline is discernable.
Momentum and Volume are in divergence to price. That is , there is a progressive decline in both as the price looks to form a third peak.
A short trade is considered
a. Aggressive - from this peak, with stop outside the ATH.
b. Conservative - from a neckline break.
Target is structural support below.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.