Gold: Short week commencing 07 July - 11 July
Fair Head and Shoulders pattern forming, starting in March: right shoulder currently peaking lower than left shoulder, and downward sloping neckline suggests sellers have continously taken over the market from buyers. Potentially brake through the neckline and continue falling.
Risk/Reward Ratio - 2%, Position enter around - 1258.40, SL - around 1271.24, Target - around 1233.16+
Fair Head and Shoulders pattern forming, starting in March: right shoulder currently peaking lower than left shoulder, and downward sloping neckline suggests sellers have continously taken over the market from buyers. Potentially brake through the neckline and continue falling.
Risk/Reward Ratio - 2%, Position enter around - 1258.40, SL - around 1271.24, Target - around 1233.16+