JumpingJack

GOLD Inverse head & shoulders formation

AMEX:GLD   SPDR GOLD TRUST
208 2 3
Looks like GLD             is rounding out it's 2nd shoulder to complete the inverse head & shoulder formation from the Dec/Jan low. Inverse shoulders are bullish patterns in the long run. Looking for a run to $135 then expecting possible resistance. All in my opinion.
I am watching until after next week to see if 120-118 is in the cards - I suspect we are testing a steep channel and will know if we break 130 IMO.
Reply
Wouldn't mind seeing a bit more stabilized price near 123 before Gold takes off again.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out