Thursday, February 11, 2021 8:00 AM EDT
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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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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