Bandarsq
Short

Bump & Run Reversal - Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
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!
Comment: According to this count, I think b came to an end.
Comment: A sharp drop which makes sense since the Run phase was activated.
Comment: Clear Break down. I expect it to reach the lead-in uptrend.
Trade closed: target reached: i can say it's enough. it almost reached the uptrend.
Love it that you still make H&S s' and that they all turn out the way you thought it would :)
Good job !
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Thank you. They work sometimes :)
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you are great
+2 Reply
Bandarsq watsonzou26
kind of you : )
+1 Reply
the low preceding the high has not been broken yet. uptrend is still in progress
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nice
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brexit is a special situation, lots of fear buying into safe havens, traditional technical analysis will not work as well in this situation
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marcus123 profprof
not sure I agree...
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f1l1per. profprof
Techinical analisys works better in fearful or greedy markets
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long
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