TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi Guys,

this is a follow up of the idea I posted on March 3, before week9. See the H&S pattern taking shape?
The yellow metal seems to have found support at same level as in week3 but below the 156SMA and most important below 1.300.
Week10 will provide interisting opportunities as it unfolds therefore I would not rush in on Monday morning but let the price make the first move before pulling the trigger.
Repeat 1.300 is very important and I would expect volatility to increase at this level.
Time is of essence if you are looking for the perfect moment. Try to imagine this: price starts week10 going for an high. It reaches the 156SMA (blue) and on Wed (mid-week10) makes a bull trap below 1.320 on the blue SMA to complete the right shoulder and crosses again the 1.300 to dive into week11 towards 1.280.

Wouldn't it be nice? Lol of course it would but for the time being it's just my imagination and I am not a fortune-teller.

Thank you for your support and for sharing your ideas.

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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Comment: Opening on Monday Gold didn't go for the blue SMA but went down from below 1.300 to 1.290 on the 100SMA which is supporting. If the 100SMA is broken 1.285 should be next step...
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