XAU/USD

31 Mar 2016

We have a head and shoulder pattern here. the peak being around the 40-44 mark, The distance between neckline and peak is around 20 dollars. Therefore i think it will break the same amount under the neck/support line. so i'm putting a TP around 1210. May close earlier though. Along the way it has to break some support and resistance lines. P.S this is the first time i've done a H&S pattern. Excuse any mistakes, kindly correct them and i'd love to hear your opinions.

1 Nis 2016

Not

Closed