Gold has completed the SHS pattern but we need to see the breakout below the neckline. Bears are having the upper hand.
Gold has completed the SHS pattern but we need to see the breakout below the neckline. Bears are having the upper hand.
1838-45 is the POC zone. We should see a break lower and a possible test of 1835, the neckline of the SHS pattern. If the price breaks lower we should see a continuation down towards 1831, 1821, 1811, and 1801. This will complete both the Diving Board and SHS pattern. Uptrend is non-existent as long as the price is below the 1860 zone.
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