Gold failed to move higher than $ 1800 last Friday and closed with a decline instead. As a result, a head-and-shoulders pattern was formed, where buyers are trapped at very specific levels:
To avoid losing profit, traders should take this strategy in consideration:
The target is to push the price below $ 1675. To do this, enter short positions and work for the development of an ABC pattern.
Follow the Price Action and Stop Hunting methods.
Good luck!
