GOLD BREAKS THE SUPPORT
Gold recently broke the support but could not manage to hold below it, thereby retracing to 1920.
The price is in the process of forming an inverted head and shoulder.
A daily close below 1890 will invalidate the inverted h&s and open the way for bears to attack 1848.
Alternatively, should 1890 hold and the price breaks above 1910 we could see a rally towards 1945.
It's recommended to wait for confirmation before opening orders in either direction.
The price is in the process of forming an inverted head and shoulder.
A daily close below 1890 will invalidate the inverted h&s and open the way for bears to attack 1848.
Alternatively, should 1890 hold and the price breaks above 1910 we could see a rally towards 1945.
It's recommended to wait for confirmation before opening orders in either direction.
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