GOLD: "head & shoulders" with target on 1108

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend with creation of trend turn down pattern "head and shoulders". An downtrend will start as soon, as the pair drops below support level 1117, which will be followed by moving down to support level 1108. Alternative scenario: The uptrend may be expected to continue in case the market rises above resistance level 1122, which will be followed by reaching resistance level 1129.

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