INVERSE HEAD N SHOULDER BREAK OUT IN GOLD

on 3rd april i had posted gold chart with support and resistance lines. yesterday it has given break out  from resistance lvl around 1135.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBIHImcmLpg69km_ys78MU0FVa3eQbEG126zV1NWed5ArlQIkYrVSP2YalRWTkoLN8XLUsdiXI6ZQaSv-ZWPC3jDQyUxpajPvK2hxBt4MwtRqEDo01jlooNAj6vw7Y_xOcOUFbBC6zboJ5/s1600/GOLD+AS+1.04.10-785135.PNG

look at chart attached. inverse head and shoulder pattern can be seen. we may see 1200+ usd lvls in coming days.

violation of neck line will make pattern invalid.

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UPDATE AS ON 12.05.10
GOLD TESTED TODAY 1244 DOLLAR.
TARGET ACHIEVED. PART PROFIT BOOKING IS ADVISED