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.
Comments
serpico.salvatore
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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
titi
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I like your chart! :)
justatrader
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Haha.. thanks.. head and shoulders, is as simple as it can be.