Inverted Head and Shoulder pattern forming
Good morning Traders we actually have 2 scenario's on the #XAUUSD/GOLD CHART.
Scenario 1:if the price break the resistance zone of 1940, then we can expect to buy till 1960.00 & 1980.00.
Scenario 2: if the price again respects the resistance area then we can expect to continue selling from 1938.00 & 1940.00. Targeting for:- 1925.00 / 1903.00.
On the 4hr chart, it seems like an inverted head and shoulder pattern which usually indicates a buy in the market. #SonjiFX #XAUUSD
Scenario 1:if the price break the resistance zone of 1940, then we can expect to buy till 1960.00 & 1980.00.
Scenario 2: if the price again respects the resistance area then we can expect to continue selling from 1938.00 & 1940.00. Targeting for:- 1925.00 / 1903.00.
On the 4hr chart, it seems like an inverted head and shoulder pattern which usually indicates a buy in the market. #SonjiFX #XAUUSD
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