Gold Bulls have set it up but can they hit a home run???

FX:XAUUSD   Gold Spot / U.S. Dollar
Inverse H & S, Cup & Handle and Rounding bottom, these are the patterns that one can currently visualize. So the bulls have set it up but do they have the bottle to hit a home run in the short term? If they can, then there is a 6.6% measured move from the neckline awaiting as a payoff. The bullish scenario plays out like this: T-Line support and the 1178 pivot low holding and a successful break above 1222.84. 1240/50 resistance is the next potential stumbling point. A break below 1178, deals the first blow to the Gold bulls and sees next support zone at 1160/1150. Time will tell but I am bullish against 1178.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out