justatrader
Short

Gold - Bulls should reconsider longs

FX:XAUUSD   Gold Spot / U.S. Dollar
474 3 0
Daily charts show a H&S continuation pattern of sorts. Current higher close of Gold             is what I see only a retracement for Gold             to make a new lower low. Notice how price broke the neck line and now going back to retest this. Trade offers at 1:3 RR.
hello I'm sorry but I will not put into question your analysis I'll note that on the monthly chart if you use Fibonacci from the minimum registered with the maximum recorded on 10/01/2008 01/08/2011'll see that you and formed a double bottom at 61.80 fibonacci then before entering the short rate it very carefully personally expect the breakage of the support 1180
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I like your chart! :)
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Haha.. thanks.. head and shoulders, is as simple as it can be.
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