Gold (XAUUSD) Head and Shoulder with Confirmation.
According to hourly time frame Gold creates Head and Shoulder Pattern.
Bearish Wick candles and prices prevailing below 50 HMA clearly
shows bearish bias. Moreover, market created Double Top
at $1959 level.
where to Enter?
If market breaks Trend line (mentioned in chart) and 1&4 hourly close
below $1952 level. Initial Target will be $1940 and $1930 with ex of 1922.
Stop should be above $1960.
Remember, Initial target of $1940 is also an Area of HIGH CONFLUENCE, where market may be Reverse.
please check Price action and don't sell without my assistance.
If break than $1880 on Radar!
Bearish Wick candles and prices prevailing below 50 HMA clearly
shows bearish bias. Moreover, market created Double Top
at $1959 level.
where to Enter?
If market breaks Trend line (mentioned in chart) and 1&4 hourly close
below $1952 level. Initial Target will be $1940 and $1930 with ex of 1922.
Stop should be above $1960.
Remember, Initial target of $1940 is also an Area of HIGH CONFLUENCE, where market may be Reverse.
please check Price action and don't sell without my assistance.
If break than $1880 on Radar!
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