UPDATE On Funky Head And Shoulders On Gold. Retest Confirmed!
*UPDATE Looking at the 4-Hour view on Gold, we see that we have a potential inverted head and shoulders pattern playing out.
We have seen a retrace to the neck zone (Labeled on the chart ).
As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering.
Now that we have seen our retest of the neck zone, I have opened a long position targeting 1810.4 as a target
We have seen a retrace to the neck zone (Labeled on the chart ).
As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering.
Now that we have seen our retest of the neck zone, I have opened a long position targeting 1810.4 as a target