A very popular reversal pattern comparatively rare to spot, usually occurs when price action gets exhausted at the upside and forms three peaks, The middle one being the higher – Sell signal occurs when close is below the neckline – Volumes are highest during the breakdown comparatively to the previous peaks which signals bears are in full control of the next move.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.