EverythingForex

Gold - What Do 3 Crabs And A Bat Have To Do With Gold?

FX:XAUUSD   Gold Spot / U.S. Dollar
I've been waiting on this large H&S pattern for some time. Now that prices are at the top of the consolidation, it may be the right time to trade this H&S pattern. Yes, I know the correct way is to trade it only after it has broken the shoulder but trading it that way to me has always been much too conservative. The risk of trading it now is at it's lowest.

Wave B may have just completed. If so, then the next move is wave C down. A couple of patterns also are completed and are also pointing down: A bat and a crab.

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