Technician

Gold: Breakout Very Close

FX:XAUUSD   Gold Spot / 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
https://thefxchannel.com
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 PRO NizarRahalii
haha, thanks for mr new great contributor
Reply
Technician PRO NizarRahalii
Please follow me @ https://twitter.com/FxInstinct
Reply
thatguy Technician
Done... appreciate your work... any chance you could have a squiz @ PALL?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out