long gold

٤ يوليو ٢٠٢٢

gold touched strong support 1785 and bounced with a lot of bullish pressure. it made an obvious double bottom but on higher tf you can see a h&s pattern. I believe 1785 was just a demand zone for buyers short and long term. if the h&s pattern is valid we will see a rejection off 1830 to the down side with heavy selling pressure but if not we can see price touch 1850 for completion of double bottom