danielfx
Member
INSTRUMENT: GOLD
ANALYSIS:
On H4 chart, our forecast is bullish head and shoulder. Price is expecting to continue downward trend from 1519.50/1534.60 region and a break below the neckline will expose the price to more down trend.
A break above 1556.70 region will invalidate the analysis.
PREFERENCE: Bullish Head And Shoulder.
ANALYSIS:
On H4 chart, our forecast is bullish head and shoulder. Price is expecting to continue downward trend from 1519.50/1534.60 region and a break below the neckline will expose the price to more down trend.
A break above 1556.70 region will invalidate the analysis.
PREFERENCE: Bullish Head And Shoulder.
