Daily Oil, Gold, Silver Technical Analysis | Metals Mine

  • Daily Oil, Gold, Silver Technical Analysis

    From fxdailyreport.com

    The breakout above bullish flag seems only brought gold prices to reach its previous swing high. The price has turned lower since then and might extend the bearish movement. The green box area will become the focus of traders now. There is potential for the price to sweep the support level and clear overleverage positions before continuing upward. Under current situation, traders will observe the price reactions near the green box area. A potential S-H-S pattern formed with neckline at $3,291. If the pattern confirmed, then $3,150 could become the bearish target for the pattern. Despite the potential pattern, we ... (full story)

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