fxtrader66
Long

Gold Inverse head and shoulders

FX:XAUUSD   Gold Spot / U.S. Dollar
204 2 1
Happy trading
i will disagree with you and say that i don't see a harmonic H&S here. nonetheless, totally agree with the plan. SPPT right where the just broken TL will be tested from the other side, and then long.
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fxtrader66 isomorph
It is a possible inverse head and shoulders in the making, I am not sure yet. If it does not form it was just a thought of a possible trade setup. If one does try to form I believe it could take tommorrow to complete to have symmetry with its other S. I agree a head and shoulder pattern should be even. I do see daily trendline resistance in 1350 thats coming down from august highs rayed out to fomc highs, a break of this trendline could be a bullish setup for possible higher gold prices. Have a good evening.
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