Bandarsq
Short

Bump & Run Reversal - Gold

FX:XAUUSD   Gold/U.S. Dollar
5 months ago
XAUUSD             was manipulated the last rally in the interest of selling at higher prices. Brexit was the catalyst. As a result a 'Bump and Run' reversal pattern is in place. XAUUSD             is in the Run phase now where it's expected to form some kind of a bearish reversal pattern. I see Adam and Eve - double top is being developed.

Price is expected to visit the Lead-in trend, in green. In case the trend is broken, there is a high possibility to visit 1200.

Good Luck!
5 months ago
Comment: According to this count, I think b came to an end.
snapshot
5 months ago
Comment: A sharp drop which makes sense since the Run phase was activated.
5 months ago
Comment: Clear Break down. I expect it to reach the lead-in uptrend.
5 months ago
Trade closed: target reached: i can say it's enough. it almost reached the uptrend.
It's never been a free market and will never be.
albertos
5 months ago
long
Reply
Nightstar albertos
5 months ago
Agree. I don't think we're gonna be revisiting 1200 anytime soon, especially with the Dollar rolling over. That being said, 'Sentiment' does need to reset somewhat, especially in the Miners, but Gold could trade sideways or create a bull flag before the next leg up.
+1 Reply
profprof
5 months ago
brexit is a special situation, lots of fear buying into safe havens, traditional technical analysis will not work as well in this situation
Reply
marcus123 profprof
5 months ago
not sure I agree...
Reply
f1l1per. PRO profprof
5 months ago
Techinical analisys works better in fearful or greedy markets
Reply
Jia En Cai PRO
5 months ago
nice
Reply
HeadTrader
5 months ago
the low preceding the high has not been broken yet. uptrend is still in progress
Reply
watsonzou26
5 months ago
you are great
+2 Reply
Bandarsq PRO watsonzou26
5 months ago
kind of you : )
+1 Reply
Maddie
5 months ago
Love it that you still make H&S s' and that they all turn out the way you thought it would :)
Good job !
Reply
Bandarsq PRO Maddie
5 months ago
Thank you. They work sometimes :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out