Bandarsq
Short

Reversal Pattern

FX:XAUUSD   Gold / U.S. Dollar
A Head and Shoulders reversal pattern is under development. Wait for neckline breakdown.
Comment: Target not reached yet ;)
Trade closed: target reached
good one Mr gold trader,u nailing it down nicely.Good going there.
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Thanks Naif. I'm just a student in your school ;)
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I have a very similar thought, but I'm looking to go a little higher and touch the .382 retracement (1280) from the 2011 high. Thanks!
snapshot
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I hope that neckline don't break, Im still holding long and looking for one more leg up to 1390.
snapshot
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problem is, the head and shoulders neckline is bullish... if the neckline were flat that would be a bearish indicator, but it's bullish neckline
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I'm not entirely convinced that you can call that a H&S but sure.. Let's go with it! Gold needs to correct irregardless.
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what is entry point for short or long ?
short is 1352 ?
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is the pattern that has formed today a diamond pattern, which might mean a bullish reversal? it looks very diamondish.
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Very good vision, thank you sir ;) tgt reached
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Thank you :)
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Perfect. Congratulations!
Im glad i had a similar idea. I think if the stock market keep going down at least for monday and tuesday (July 18 and 19), gold will then fall below 1300:
gold entering major correction phase on new bull market
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Thank you. Stock Markets and Gold have negative correlations. Don't they?
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well not always but i dont like to be long on both :)
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I won't long both either :)
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oh man srry just now i saw i mixed things up :)). Lol, jokes on me
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Lol I knew you had it mixed up. All good.
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