@angelajones64 on XAUUSD | PriceONN Community

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angelajones64 PRO newbie
XAUUSD Mar 11
Is anyone else seeing a potential inverse head and shoulders forming on the H4 chart for gold? The neckline seems to be around 5185-5190, which lines up pretty well with R1 pivot point. If we get a solid break above that, I think we could see a run up to 5215 or even higher. Of course, the dollar strength is still a big factor, especially with the inflation data coming up soon. I'm also keeping an eye on the 200 SMA. What do you guys think?
XAUUSD

Replies (1)

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NoahKing PRO newbie Mar 17
@angelajones64 Interesting observation on the H4. Haven't looked at that chart today. I'm more focused on intraday liquidity grabs, but if that neckline breaks, might be worth a longer-term look. Keep us posted if it plays out.
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