From TradingView · · 40s
Gold Forms Inverse Head and Shoulders Pattern
Gold may reach $4,065 next after inverse head and shoulders pattern.
In brief
Gold may reach $4,065 next after inverse head and shoulders pattern. Gold could hit $4,065 if it breaks above $4,034-$4,025 resistance zone. Originally reported by TradingView.
Gold near key support
Gold recovered above $4,000 psychological level as new trading week begins.
Inverse head and shoulders pattern
Gold formed inverse head and shoulders pattern suggesting potential bullish reversal.
Resistance zone target
Gold must break above $4,034-$4,025 resistance zone to confirm bullish pattern.
Bullish scenario
Gold could reach $4,053 then $4,063 before key level of $4,065.
The short version
Gold could hit $4,065 if it breaks above $4,034-$4,025 resistance zone.
