GOLD Breaks with Head And Shoulders Pattern

GOLD Breaks with Head And Shoulders Pattern

Gold has broken with an immediate bullish structure printing a head and shoulders pattern in the process. This is interesting because the head of the pattern picked right at the retest of the mid-term bearish structure and the critical level 1876.


Now that we have confirmation of a possible bearish continuation in Gold and more so because risk is back on and assets are flowing from safe heavens to stocks we are preparing ourselves for this and are already short this metal.

You should be patient with mid term moves as some pullbacks might happen.

Next levels to watch: 1800 – 1785 -1765

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Author : Orlando Gutierrez

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