Veteran Trader Gives Critical Warning for Gold Price
Veteran trader Peter Brandt has warned that gold price could face a sharp decline after spotting a bearish pattern on its weekly chart. The pattern, known as head-and-shoulders, often appears when an asset’s strong rally begins to lose momentum. It forms three peaks, with the middle one being the highest. Gold Price Chart Points to The post Veteran Trader Gives Critical Warning for Gold Price appeared first on BeInCrypto.
Key Takeaways
- Veteran trader Peter Brandt has warned that gold price could face a sharp decline after spotting a bearish pattern on its weekly chart.
- The pattern, known as head-and-shoulders, often appears when an asset’s strong rally begins to lose momentum.
- It forms three peaks, with the middle one being the highest.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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