I only like HS or IHS, in this case, that is a reversal from a clear opposing direction. Here I see two possible inverted head and shoulders but it's from an uptrend, small pullback. So, is it a valid pattern? I'll use this to gauge possible targets or areas to watch.
Almost reached target. Continuing to watch.
Watching closely on 1 and 2 hour TF. TP 18.98
Bearish Bat on Gold TP1: 1202 TP2: 1194
All is on the chart. May scalp along the way, but if trend is not clear and smooth, will wait. As always, just areas I'm watching short-term. I have other charts for long-term.
A nice channel took us from the low at 1123 to 1219. Let's see if a nice channel shows us the way for part of the retrace. .236 was my confirmation of a deeper retracement. .382 (and .5) will be watched closely .618 could be a point to either exit or watch for upward retracement, if not at .382 or .5 If you missed the long in it's channel, this could be a...
Great bull run on the US Dollar. Is it bouncing off of the channel, wanting back in, or exiting lower? I'll watch. Not trading this, but trading Gold while watching this and pairs with the USD.
Is gold retracing or more bull? If it reserves here I have the charts up and you can see here in solid gold . If it continues, I'm looking for 1229. If there's a light pullback before continuing to 1229, it might not be deep. DXY bounced off a critical area too; 100.3 above 100.25 which would have signaled it falling deeper. If DXY continues to fall, gold will...
All is on chart, look for .382 and .618 unless things get very bullish, could turn at .382 or .5
Keeping areas in mind this week. Will post a Gold chart soon, and will use snapshots from here...
All targets are on the chart. Silver retracing it's high (17.3) from it's low at 15.66. Looking to exit at around 16.5 to 16.3 area. Good Luck
All is on chart: 1.618 from 1375 to last year's low is 1120. Gold 0.27% bounced off of it at 1123 and is currently at . 382 retracement from it's drop from 1337 to 1123. We are seeing higher TF oscillators due for a pullback, but when? BULL: .382 was 1202 and we past it. 1228 would be .50 and seems reasonable. While .618 is a bit far. RETRACE: If we pull...
If we move X for 30m CD is 3.618 to 1191 area for reversal. If so, we could see 1148 at .618 As always with harmonics, trade the reversal, no sooner or without confirmation. All targets on chart.
I trade mostly off of the 5 and 15 minute timeframes while watching 30m, 1h, and 4hour for direction. There were several H&S setups that did not break neckline (see inside the left should on chart) which became our left should. The next forming H&S seemed off since the right was so high, but looking at it compared to the neckline it was actually lower than the...
I have a pattern for a reversal about here (1163) and it retraced nicely to .386 then returned right back here again. It can either turn south again, or push upward to, what I see as a target, 1166.x On the chart you'll find retracement areas if it does go to 1166 and reverses. BTW, I am short from 1162.9 based on previous pattern and technical analysis ... good luck.
.382 lines up with a trend line near 1147.5 TP1: 1147.5 TP2: 1138.0 but lower chance... ... as I've stated before, gold has been bouncing sooner than .618 in most of my patterns found.
All is on chart. SL at next res/sup area. Don't set and forget. Swingin' night. 1147 is deeper than I feel but it's possible. Recent retracements against the main trend only made it to .382
C at 99.8 (.886) D at 124.3 (1.618 XAD) Then look for retrace: TP1: 114.6 (.382) TP2: 108.6 (.618) I listed other areas I'm watching not tied to this pattern but possible reversal