That's the 4 sided HnS. head and shoulder.
As we can see,the fourth head has been finished. Just short it!
Xau/usd will follow Xau/jpy, We are approaching an important breakout.
Good Retracement of XAUJPY. Liability Disclaimer: All trades posted here are my personal view of the market. Please do your own research before to trade and you are responsible for your own entries, SL, TP, and Exit.
Bull market symmetrical triangle $GC_F
Your technics could be perfect but the strategy is the key and if your perspective are totally wrong ...
FX_IDC:XAUJPY Someone is selling gold using worthless Yen dollars since 2011 as can be seen by the support line at around 12700 levels. I think it's the Abe government and their central bankers using quantitive easing to cap the upside in XAUJPY. The problem here, is that this has been going on for some time that a pennant flag formation has emerged, indicating a...
19800 possible long term target, if the flag break up.
PRICE ACTION AFTER BULLISH GARTLEY
I've never seen such a coiled spring in all my life. Trading in a 4+ year channel, on top of a triple symmetrical triangle on shrinking time horizions and now a 4 week channel as well. I mean I do not know what else to say. This thing is going to blow like mount saint hellen and to which direction do not know.
Not trading advice or recommendation
Love looking at things in terms of Yen. Gold looks particularly interesting. I'm betting when it breaks it breaks to the upside and hard.
XAUJPY, such a good harmonic movement
Why Gold is lagging Safe have losses & Yen is outperforming 1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of...
Gold against the strongest currency (Yen right now) will give us insights as to how Gold will do against other currencies.