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Abzii
Apr 12, 2021 10:59 AM

Gold small head & shoulder forming? Just a thought 

Gold/U.S. DollarFXCM

Description

Hopefully we can get a head & shoulder before the sell, if this is correct the fall is expected at around 1745.19, also the may be a small fake breakout of resistance. I would wait for the confirmation though!

Do not follow the trade it is just a thought which maybe highly unlikely. There may be other outcomes. Will be posting another chart of what i think.

What do you all think of this?
Drop your comments
I'm still just learning lol
Comments
pcnafi
now it's on a drop, ant do you think it will touch the support in this week? or next?
Abzii
@pcnafi I think i could be done, different timeframes has different support levels, i think there maybe another small pullback! I would re enter at pullback if there is one, next target is 1716
Abzii
update: head & sholders formed! now the wait for the drop!
MrDkkk
this is probably a swing up n down consolidation
DanGarcia30
Will test now the 120.00 that s what i think for today
Abzii
@DanGarcia30 where would you mark the 120.00?
DanGarcia30
@Abzii im just testing lvls . It can continuous to go down. If breaks above 137 a bull .I just mark different. But I loved your analysis! Very good :) and I m also new :) thanks mate
Abzii
@DanGarcia30 ah okay cool, i think its the pullback happening now to around 1730.75-1735 and then the permenant drop
TanglyTag
Awesome spot dude, great stuff!
AlkalineFX
Looks promising!
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