ucsgears

GC - Could breakout above IC

COMEX:GC1!   Gold Futures
Explanation is in the chart.

Idea is to watch out for GOLD             to breakout ( RSI ) then monitor and manage.
Great work ucsgears not many people see these upside down patterns...I don't know how good my chart is but my target based on your recognition of the H&S (reserve) is around 1346 which brings it up to the March 13 high...wouldn't that be a nice move?
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glennjoy1 glennjoy1
Forgot to add chart...I think? Anyway..
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Short term Trading way to look at this. Using the Ultimate Squeeze Indicator with the indicators showing where the consolidation takes place, with a support or resistance.
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Other way to look at this would be.

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