SignalSwiss
Long

GOLD: MEDIUM-TERM ANALYSIS

FX:XAUUSD   Gold/U.S. Dollar
1731 5 48
Interesting candle closed in may, with a BEARISH ENGULFING formation. If we look at the monthly chart, we can see how our BUY OPPORTUNITY coincides with the target of ENGULFING, forming the right shoulder of a potential Bullish "head and shoulders". In support of further upward movement, we also breakout of bearish channel and potential re-test, always equal to our area. We see something similar in our latest setup on eurusd             (channel breakout and development of right shoulder), see below:

setup eurusd:
(click and play)
EURUSD: WAITING NFP

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Related Ideas

PooyaSalehipour
6 months ago
Hi carlo. could you please publish a short term analysis about gold?
+1 Reply
SignalSwiss TOP PooyaSalehipour
6 months ago
GOLD: CONSOLIDATION
+1 Reply
PooyaSalehipour SignalSwiss
6 months ago
thanks carlo. yes i see this one and very useful.
Reply
Yahia.Awes
6 months ago
You are very late with spotting this IHS.
#XAUUSD nice inverted head and shoulder on larger timeframes
Reply
gfknn5
6 months ago
Thanks for always share awesome predict :)
Reply
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