RafalZuchowicz

Gold fighting at a support

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold formed reversed Head and Shoulders formation. Unfortunately Chiko Span didn't manage to hold it's position above Kumo and now heavily below price from half a year ago. Similar situation on D1. Standing in one place for a long time now. Could we see a sharp move down and then even sharper movement upwards after checking all the stop-losses? That's quite a possible scenario.
Only time will tell.

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