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FX.co ★ GOLD M5: Head and Shoulders

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Technical Analysis Patterns

2026-01-06T00:35:13
Signal strength 1 of 5

GOLD M5: Head and Shoulders

Head and ShouldersThe GOLD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 4459.75, the Neckline and the upward angle are at 4437.55/4436.22. 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 4436.07.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GOLD