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MrAndroid

Gold breaks out but its a shooting star

CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MrAndroid  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Chart Patterns Head and Shoulders Support and Resistance
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chartpattern headandshoulders supportandresistance
Last night on the Asian markets gold broke out above resistance in what was a very promising long term inverse head and shoulders pattern.
But is it all a big fake out?
The daily candle is currently a big shooting star with price being below the resistance line. It remains to be seen whether this pull back gets bought.
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