Oh_If_Only
Short

Gold HS Reversal Short

COMEX:GC1!   GOLD FUTURES
94 1 4
Nov 18: Classic Head and Shoulders Reversal Pattern on breech of neckline Nov 11.
Text Book theory suggests a pull back towards the breech "A" then Down.
Minimum target is the Head-Neckline distance --- >> "B"
Why? I have no idea.
Yellen will probably increase 25bpts before inauguration.
Trump gets a new Fed Chair.
So USD strong, metals weak, and S&P             stronger - see FedEx             .
Oh ... the Down Trend line? It is the Down side marker
Don't know why just seen it so many times before.
I apologise now for my poor artwork.
My Trade: Open long for the lift. Look for $1,250 - $1,265 ... then Short or stop and reverse on any weakness.
You are adults so do your own analysis
Comment: Nov 24 13:47 AEDT Break of Support at $1209 suggests downside will now continue.
Target is $1,100 but this pattern tends to overshoot as both sides panic to either get in or covered.
I couldn't get any profit out of my long so I have stopped and reversed for a small loss this morning.
Nov 21: 12:30 AEDT
Opened Long at $1209 on Dec with SL at $1202 ...
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out