Technician

Gold: Breakout Very Close

FX:XAUUSD   Gold / U.S. Dollar
629 16 5
Gold             has taken 1270.00 reistsance, by re-assesing the weekly and daily chart I look for:
A Weekly closing above 1270 is necessary to confirm a possible leg higher OR a multi-day closing above the new upward slopping neckline for the inverted head and shoulders . That would open the door for further potential gains over the coming weeks. Upside targets start at 1360.

Please follow me @ https://twitter.com/FxInstinct
My trading ideas channel https://telegram.me/technician_forex_trades
https://thefxchannel.com
Skype: Technician - The forex channel
snapshot


Breakout , lets see how things evolve now
Reply
thatguy Technician
1320 seems to be slowing down gold a little. It does coincide with the April smackdown lows. But IMHO it looks weak, any thoughts?
Reply
I think it occurs at 1290
Reply
I am wainting the breakout. Wish you all many pips :)
Reply
Was the yellen taper pullback a retest of the NL?
Reply
not really for me, as we haven't witnessed a real breakout yet, pullbacks usually follow breakouts. There is no breakout yet
Reply
great job Mr hawkeye :)
Reply
Technician TOP NizarRahalii
haha, thanks for mr new great contributor
Reply
Technician TOP NizarRahalii
Please follow me @ https://twitter.com/FxInstinct
Reply
thatguy Technician
Done... appreciate your work... any chance you could have a squiz @ PALL?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out