A pullback or a reversal?
GOLD has gone up with 25$ from this week's lows.
Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern.
The question is, if this will reverse the whole move or is it just a correction?
We're looking at a downside continuation.
That means that any upside move shouldn't go above 1780-85 and we should then see another drop towards previous lows!
Of course, tomorrow's FED Interest rate decision will be very important for future price moves.
We're going to be looking for entries once we have rejected the resistance and after the news.
Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern.
The question is, if this will reverse the whole move or is it just a correction?
We're looking at a downside continuation.
That means that any upside move shouldn't go above 1780-85 and we should then see another drop towards previous lows!
Of course, tomorrow's FED Interest rate decision will be very important for future price moves.
We're going to be looking for entries once we have rejected the resistance and after the news.
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
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