Technical Analysis – Gold in the process of head and shoulders pattern; neutral bias
Gold prices have been consolidating over the last week, currently stuck in a sideways channel. Looking at the past three weeks, the yellow metal has been creating an inverse head and shoulder pattern with a significant neckline near 1,746. A successful climb above the neckline may change the recent bearish bias to bullish in the short-term. Resistance was met at around the 1,729 region, […]