Gold - Retest or fake break ?

Gold FuturesCOMEX

Description

⋅ Apr 30, 2019 11:51 AM

Clearly at a decision point. A fake break will probably dictate a risk off approach to equities. A retest and further downside will dictate a continuation of a risk on approach towards equities.

Chart Patterns indicies

Comments

gillyblore

⋅ Apr 30, 2019 11:55 AM

I'm leaning toward a false break - the h&s break was too widely posted/shared. I suspect it led to many weak hands.... lets see

KoosKanmar

⋅ Apr 30, 2019 11:57 AM

@gillyblore, I tend to agree. Looking more and more like setting up to squeeze the shorts. From fake moves comes fast moves.