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Decline Instead of Inverse H&S in Gold

September 12, 2017, 8:03 AM Przemysław Radomski , CFA

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Just when the price of gold was supposed to form an inverse head and shoulders pattern that would trigger a bigger rally, the yellow metal declined, making it clear that such a pattern does not exist at this time. However, there’s more to yesterday’s price moves than just the fact that the H&S pattern was not formed.

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