piphunters
Long

GOLD: Look for breakout

FX:XAUUSD   Gold / U.S. Dollar
1091 8 29
The commodity looks like it's back to business after several days in a corrective structure which is likely to be broken to the upside giving a nice opportunity to go long.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
It may come down and form Inverted H&S lets wait and see
Reply
In relation to flag patterns, pendants, and triangle what would a widening channel like this be called?
Reply
blake200 MikePips
I call it a top leader because the tops increase in height however this is not true terminology. would be good to know!
Reply
tst blake200
If you have any questions about terminology check out http://www.investopedia.com ;)
Reply
Great chart! Don't see it this way, thanks for different perspective!
Breakout... and now a pullback. Interesting to see the reaction of former resistance at 1325-1330 area.
BR!
Reply
thanks
Reply
Pip. Good call. Time for some correction now?
Reply
piphunters goodguy
yes
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out