Gold headed for a crash?
Gold Spot (XAU/USD) broke out from a massive Head & shoulder top on the hourly charts. In fact a close look at the charts, displays the right shoulder, took the shape of a head & shoulder too!
RSI registered a surge move below 40 levels! The head & shoulder target as of now sets at $1285 levels. However a move above 1342 will negate the pattern.