salvanost

triple top double bottom or triple top triple bottom

salvanost Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
see 2009 support retest,

see 2005 support retest but wonder if it is so easy to drop that zone

making triple top scenario for now
Comment:
it just a bull flag whether double bottom or triple bottom
Comment:
bear need to break 2005 and 2001 to start bearish trend to 1995 and lower (1981)
Comment:
candle close under 2007 could be 1st signal to start bearish trend in 4H
Comment:
so in a sense if this still bullish trend 4h won't candle close under 2007
Comment:
not retestted 2011
Comment:
2002 trap zone, it also would be retested later, but when? dunno
it's not reliable as target, yes it will be tested but focus on 2002 would risk when price want to continue bullish again later

its same like 1995 trap zone, yeah it will be retested (usually) but rely short to target 1995 when it still bullish not good (that's why I seek 2033-2049 first before target 1995)
Comment:
under 2007 should focus on 1995, but in current market movement it might spike down to 2002 then going up and stay above 2007 again, and continue bullish which making me scratching my hair since the momentum not working properly
Comment:
not bearish signal carefull
Comment:
Comment:
possible triple top again for now
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