MoneyFlowTrader
Short

bearish ab=cd pattern on weekly w/ larger head and shoulders

FX:XAUUSD   Gold Spot / U.S. Dollar
407 1 15
details on chart
Comment:
Comment: also seeing possible Double Top on 4hr
Comment: AD showing me a bear flag on Gold
Comment: Bearish for $jnug if the AD breaches the .618% fib level
Comment: Monitoring $GDXJ weekly chart. Will know Tuesday if it holds true to my bearish sentiment.
Comment: $gdxj sold off a little into the close. The 1hr chart also confirming a bearish head and shoulders pattern
Comment: AD on 4hr chart showing potential bear flag watch for a potential break of the .618 fib level
Comment: I'm watching the 1hr Divergence on $xauusd chart. The AD needs to get over the .382% fib level to continue any type of bullish activity
Comment: watch $gdxj 30min chart its path/direction will dictate where gold and $jnug go today
Comment: watching for a 1hr Cup/Handle set up that could happen on $gdxj
Comment: The potential for bearish 1hr cross still exist.

GDXJ either creates 1hr bull flag, dips to see if support holds to form cup/handle, goes below $36 to erase all bullishness
Comment: $gdxj weekly chart I see a bearish AB=CD pattern unless there is a close above $38.32, not sure if a gap up is likely. But I'm nimble in my trades
Comment: 4hr chart of $gdxj *** reference point *** for 3/23/17 although $GDXJ dip tonight, will need to confirm one of the 3 options I mentioned before close. Two possible bullish continuation patterns forming (c/h or bull flag) other scenario is a complete breakdown below $36.. Brexit is next week. I'm not ruling out the bearish AB=CD pattern on $GDXJ which is possible
Comment: ***last reference point*** here is where it gets tricky trading gold/$gdxj will be watching both over the next 24hrs. I'm a buyer of $gdxj if it closes above $38.32 or gaps up at that level. will see see if gold can hold $1237, it may test 30min support level also..
Comment: 1hr bear flag on $gdxj
Comment: Can't rule out the cup/handle possibility as long as the share price of $gdxj stays hoovering above the Pivot Point on the 1hr
Trade closed manually: closed short position added $jnug as hedge
I would like to see a flat close on $jnug based on wave count
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