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UDAY_C_Santhakumar
Jan 12, 2015 3:37 AM

GC - Could breakout above IC 

Gold FuturesCOMEX

Description

Explanation is in the chart.

Idea is to watch out for GOLD to breakout (RSI) then monitor and manage.
Comments
glennjoy1
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?
glennjoy1
Forgot to add chart...I think? Anyway..
UDAY_C_Santhakumar
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.
UDAY_C_Santhakumar
Other way to look at this would be.

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