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Skinwah
Jan 26, 2017 2:47 AM

Gold bearish Short

SPDR Gold TrustArca

Description

Okay traders. Check out similar H&S set up as with the GBPUSD chart I posted earlier. Notice the amount of pips move from head to neck line and from neck line down. Almost identical albeit below the neck line was slightly more. The point is I anticipate the same move with GBPUSD come March when article 50 is triggered. Now back to gold. This is currently at Fib 0.618 at 116. I anticipate a downward retracement to lower target level on the chart. Safe trading. Don't bet more than you cannot afford to lose.
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