Gold Broke Out Through its Inner Inverse H&S Neckline (Red) Today – Another Neckline to Go, Then Target is 1200ish
Gold broke out today through the neckline (red) of its inner inverse H&S. It still has the purple outer neckline to go, but if gold can manage that breakout, the target is its falling wedge top at roughly 1200.
Gold Target is Its Falling Wedge Top
Gold should pierce the wedge top a little before a pullback. Then it can either breakout or put in one more lower low (purple scenario).