Gold Daily H&S and Two-Leg Bear Flag In Play

Gold daily chart shows the H&S with the dark blue bars, neckline is 1330, gold failed this level late January, and back kissed the level, but, instead of failing, it poked back up above the neckline for a reprieve. If the neckline breaks again the target would be 1240. The neon lines show a two leg bear flag, that would target the same area 1240-ish. October, December and January shows price up with all indicators weakening, negative divergence, which spanked it down to start the year. Critical S/R moving forward is 1350, 1330 neckline for H&S, 1315 is vital support, 1300 psychological level, and 1240 which is developing a confluence in this area. This information is for educational and entertainment purposes only--do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.