Actual patterns

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Actual patterns

Head and Shoulders

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was formed on 22.04 at 08:55:22 (UTC+0)
signal strength 1 of 5

The technical pattern called Head and Shoulders has appeared on the chart of GOLD M5. There are weighty reasons to suggest that the price will surpass the Neckline 3473.12/3476.36 after the right shoulder has been formed. So, the trend is set to change with the price heading for 3476.21.

The M5 and M15 time frames may have more false entry points.

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Head and Shoulders