Gold after exiting the consolidation, which is the basis of the H&S reversal pattern, and falling by 1.7% gold may form a correction to accumulate the potential to continue its fall

The correction allows to accumulate energy before the fall at the expense of those who were selling (collect sellers' stoplosses), those who are now buying (collect stoplosses after the reversal).
Scenario: if the correction continues to the resistance 3260, it will be a key point from which we can consider the continuation of the fall. The signal for the fall will be the lack of opportunity to continue growth, i.e. false breakout and consolidation below 3260.
The correction allows to accumulate energy before the fall at the expense of those who were selling (collect sellers' stoplosses), those who are now buying (collect stoplosses after the reversal).
Scenario: if the correction continues to the resistance 3260, it will be a key point from which we can consider the continuation of the fall. The signal for the fall will be the lack of opportunity to continue growth, i.e. false breakout and consolidation below 3260.
❤️ Telegram channel: t.me/AndeWave
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
❤️ Telegram channel: t.me/AndeWave
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
