AlphaDreams

Gold H&S lining up with Harmonic retrace.

FX:XAUUSD   Gold/U.S. Dollar
2 months ago
Watching for patterns to complete. Down needed to reach neckline. Complete the harmonic , if it doesn't fall too low it should be valid to retrace to either 38.2% or 61.8% to form right shoulder, then drop. Lining this up with large US events. As always, levels are more accurate I feel than time. So we'll see when it all plays out, if it does.
2 months ago
Comment: Technically the neckline has been reached, however, my harmonic wants a bit lower... I'll show it in greater detail in anther image or published idea.
2 months ago
Trade active: Short trade was active since 1338. Scalping/intraday trading smaller TF movements.
2 months ago
Comment: Almost touched the target at D. I'll be watching closely if it goes down past this or retraces nicely for our setup. I a short from much higher but was collecting some small longs at 1250, 1247, have a few targets yet to be triggered (1245, 1240, 1238) but these targets will be removed if PA looks like it will dive past without a rebound.

snapshot
2 months ago
Comment: 5M Gartley Bullish Pattern could start this up, or it could dive past the entry and make it invalid. Just wait, watch then trade.

snapshot
2 months ago
Comment: Range trading as patterns form. ihs in RSI, bearish bat forming over giving possible reversal.

snapshot
2 months ago
Comment:
snapshot
For many centuries chemists labored to change lead into precious gold, and eventually found that precious uranium turned to lead without any human effort at all. -- Isaac Asimov
albertwt
2 months ago
Hi Alpha,
What if the Feds decided to increase the Interest rate on December this year after the election ?
It would cause more bearish pattern on XAU ? or even if Donald Trump win.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out