possible head and shoulders formation on gold

٢١ أغسطس ٢٠٢٠

After the rally of the USD following the minutes from the meeting on Wednesday, we have a bearish structure forming on gold resulting in a clear head and shoulders formation moving towards the 1880.00 level

This strength is the USD is extended to other USD pairs and is support by the technical analysis shown in the DXY

SL:1955.00
TP: 1880.00
R:R : 2.04 currently