FX.co ★ GOLD M5: Head and Shoulders

The GOLD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 4764.54, the Neckline and the upward angle are at 4750.58/4752.30. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GOLD will go towards 4752.15.