Gold heading to descending channel breakout trgt

٥ ديسمبر ٢٠٢٢

On its way to the breakout target from the descending purple channel, Gold has now also formed an inverse head and shoulders which has an even higher breakout target. Price action is currently above the neckline of the inverse head and shoulders (in yellow). It could easily dip back below the neckline momentarily, but can also just as easily trigger the inverse head and shoulders breakout without going back below the neckline first. If it triggers the breakout for the head and shoulders the breakout target for it is notated here with the yellow price tag. I have included a link below to my previous idea on gold where I first spotted the breakout potential for the descending purple channel for posterity. *not financial advice*

١٤ ديسمبر ٢٠٢٢

ملاحظة

Gold inching closer to its first target.

٣ يناير ٢٠٢٣

ملاحظة

First gold price target (in purple) Finally hit!

١٤ يناير ٢٠٢٣

ملاحظة

Getting closer and closer to the second target!

١ فبراير ٢٠٢٣

ملاحظة

2nd target finally hit!!