Global gold
XAUUSD
has formed a bottom head and shoulder pattern in the one-hour time frame, and according to the increase in the moving averages, the probability of an increase is high and on the condition that a one-hour close candle above the resistance range of 1931-1935 is registered, the rate can In an upward rally, the height of the head pattern will rise to the 113% Fibo resistance at $1977. in the meantime, the 78.6% Fibo resistance will be seen at 1952.
XAUUSD
has formed a bottom head and shoulder pattern in the one-hour time frame, and according to the increase in the moving averages, the probability of an increase is high and on the condition that a one-hour close candle above the resistance range of 1931-1935 is registered, the rate can In an upward rally, the height of the head pattern will rise to the 113% Fibo resistance at $1977. in the meantime, the 78.6% Fibo resistance will be seen at 1952.
Dara Golbon