ZarNegar

Reflection pattern.

FX:XAUUSD   Gold / U.S. Dollar
1802 10 26
It seems that the trend lines . Desire and are reflected upward.
W. pattern.and Double bottom formed for gold             . And we should not wait for fall.
There may drop to 1158. For this week.
  But not to worry. Because. Gold             will be reformed to 1400            
ZarNegar HamedAghajani
Hi Hamed jan
I think that the decline is over.
Now. Gold should rise to 1,400
If it does not rise. So gold will fall to 800
Please choose. 1400 or 800
+1 Reply
I would like to see 1400 first. My chart is fairly speculative.
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your view on gold i must admit i share your sentiments and will be buying below 1200 looking for move back towards 1400 need to over a few obstacles before then though
+1 Reply
This is ridiculous chart.
+1 Reply
Came to similar conclusion - watch how the dollar index is on corrective rally which will push gold lower to at least create another higher low which sits around 1150 - 1160 area until mId May - I am placing Longs there and look to hold till June July - projecting 1260 for profit taking:-)
snapshot
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Hi Dear Professor, Thank you for this analysis. very very good...
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I also published the same level, as an area that gold may rebound. waiting for the gold to approach the dashed 1-4 line.
Gold me rebound after hitting these resistances;
+2 Reply
Looks like a big h&s pattern which needs to be finished indeed before going up.
+2 Reply
Angel Yahia.Awes
I also see a SHS pattern. My question would be at what level do we need to realise that? Look for some retracement to 1170 & 1150
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