FX:XAUUSD   Gold / U.S. Dollar
354 5 12
Gold             on schedule to near 1303, a complex head and shoulders potential top form, then the daily attention reversal K, choose short approach, stop near 1315, target 1250 1200 1145
now one would expect a retrace ? 1243 - 1250 ? Really nice chart
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Perfect spot.
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Thank you xiaoduan! This one has too many speculations sentiments shorting here. I prefer longing.
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Interesting, but my understanding is that H&S is only statistically relevant when used to predict beyond the neckline break. I do not know of any statistical analysis that would allow us to predict reaching the neckline (1251) from this point in time. I'm referring to the Bulkowski study of 500 stocks between 1991 and 1996.

If we do break 1251 before this pattern is invalidated I will definitely take your advice.
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duanluming TwitChute
Yes, the premise must be broken 1250
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