What Happens in Gold after a Reverse Head & Shoulders Pattern?
A Reverse/Inverse Head & Shoulders setup is a bullish trend reversal signal that trading signals the current downward market trend is about to reverse once the Inverse Head and Shoulders setup is confirmed.
The Inverse Head & Shoulders chart pattern is a pattern with three consecutive lows where second low is slightly lower than the first & third low which signals the downward gold trend is losing momentum and if price of the gold instrument rises above the resistance area which is the two highs between the 3 lows then the Inverse Head & Shoulders pattern is considered confirmed & the price of the gold instrument changes into a bullish trend.
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