Gold..Nothing broken post FOMC
Gold held above 1484 and had continued climbing higher on a wall of worry. Nothing broken for now.
Gold should be able to make a move to complete the right shoulder of the H&S at the minimum.
ATHs of 2019 not ruled out if there's a hard squeeze of bears shorting at the next shoulder.
Net net Up first before rolling over to fresh lows, or even back to retest Gold breakout at 1370-1380 region
Gold should be able to make a move to complete the right shoulder of the H&S at the minimum.
ATHs of 2019 not ruled out if there's a hard squeeze of bears shorting at the next shoulder.
Net net Up first before rolling over to fresh lows, or even back to retest Gold breakout at 1370-1380 region
Comment:
Right shoulder should be completed by 25 Sep if the Left shoulder symmetry is observed.
Comment:
On track so far
Comment:
Looks like Gold's turn is here....Gold is going down from here on. It will be a quick furious move down to low 14xx.
Comment:
Neckline is broken...Down She Goes!