gold finally reached 1340 structure resistance level. the market is very overbought and rsi shows clear divergence. + we have a completed head and shoulders pattern with confirmed breakout of a neckline.
Great setup, following you now mate! I´m about to post a trade shortly, have a look on my profile for detailed information :)
IC5
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also can you point out the divergence with a line ?
IC5
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I don't agree on this ,, yes the I believe its going down ,, but its not a H&S ,, doesn't look like it thats my idea only
VasilyTrader
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@barook, hey man, we all have our unique and subjective view on a market, it doesn't make me wrong if I see this setup and the same time it doesn't make you wrong not seeing it.
IC5
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@VasilyPonomarev, yes I know : ) I understand trust me ,, thats why I said my idea only,, shared with you my view because honestly I like your analysis and I like only few peoples here ,,, I try to help and try to share with you so we both can get better some how ,, sorry for any misunderstanding , can you please point in a line the divergence you are looking at ? maybe im missing something
VasilyTrader
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@barook, thanks, my friend. this is 4H chart, it is smaller so you can better grasp the idea
IC5
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@VasilyPonomarev, thank you,, I didn't change my RSI settings so I couldn't see it clearly : ) glad I talked to you : ) thank you and yes good setup indeed im at 1340 : )