GOLD ---> a continue h&s pattern

١٥ مايو ٢٠٢٣

hello guys!

I'd like to bring your attention to the current situation in the gold market. Gold is currently forming a head and shoulders pattern, but it is important to note that this pattern is indicating a downward movement and a bearish trend specifically within the 15-minute time frame.

Considering these circumstances, it would be wise to exercise patience and avoid rushing into any hasty decisions until the price either breaks the neckline (which would suggest a reversal pattern) or continues its current trend. Once this occurs, you can then make an informed decision regarding your position.

If, however, you are inclined to take a position at this time, it is logical to consider a short position given the prevailing bearish trend.

What are your thoughts on this matter?

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١٦ مايو ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

the first area's target hit

١٧ مايو ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

the second target reached