Is Gold in a massive Inverted Head & Shoulders??
Gold idea-
I am under the sneaky suspicion that gold is in a massive inverted head and shoulders on the higher time frames.
I welcome anyone with exact knowledge to critique this claim.
I really feel strongly about this pattern the more that we chase the POC and the neckline that is slightly pointing downwards.
If we are in a head and shoulders, the right shoulder's extension line is at 1969 an ounce.
The extension above that one, to extend us above the last all-time high, is at roughly $2200 an ounce.
This is not financial advice, nor is it signals.
Happy trading
-Chartfood
I am under the sneaky suspicion that gold is in a massive inverted head and shoulders on the higher time frames.
I welcome anyone with exact knowledge to critique this claim.
I really feel strongly about this pattern the more that we chase the POC and the neckline that is slightly pointing downwards.
If we are in a head and shoulders, the right shoulder's extension line is at 1969 an ounce.
The extension above that one, to extend us above the last all-time high, is at roughly $2200 an ounce.
This is not financial advice, nor is it signals.
Happy trading
-Chartfood
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