MoneyFlowTrader
Short

Multiple Head & Shoulders on Gold Macd chart

FX:XAUUSD   Gold / U.S. Dollar
179 0 5
I'm only longing gold             above $1365, per the chart you can see multiple head/shoulder pattern. We appear to be in the right shoulder of a much larger head shoulder pattern that has developed going back to October 2015 in which my humble opinion is the (head) version of the head/shoulder pattern. For the sake of not cluttering the chart, I only went back to October 2015, If you were to view pre-October 2015 the (left shoulder) version of the head/shoulder would appear. Watch the daily macd for correction
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