aibek
Short

Gold update: Head & Shoulders could emerge

TVC:GOLD   CFDs on Gold (US$ / OZ)
I combined both H&S pattern with EW analysis.
On EW side we see the 1st impulse down and now we are in a pullback ABC .
The C wave is pending. It is probably the initial move down in gold within a huge drop down
at least we could see 1200 again and it depends on what structure would unfold then.

Pattern is simple and we should watch the breakdown of the Neckline.
Target is at 1409.
Oct 04
Trade closed manually: pattern has not been developed as planned
Please look at my silver chart if you have a chance as I am expecting a potential break down.
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aibek lightloupes
@lightloupes, I also see it lower but we can have some junction between 2nd leg down
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