GOLD (XAUUSD): Very Bearish Setup Explained
Gold formed a head and shoulders pattern on the hourly chart, featuring a descending triangle as the right shoulder.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
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