Jayk1units

Jayk1units

We see a perfectly clear Head and Shoulders reversal pattern here, as well as other confluences like the WEEKLY SUPPLY zone, D1 SUPPLY zone, 61.8 FIB retracement level being hit, WEEKLY and D1 RSI Divergence. Great Sell position here with a profit target placed right next to the FIB Extension -27.0.

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After gold made a higher high on the D1 and H4 time frames it retraced down to the 1780-1790 (61.8 - 71.0 FIB) price zone, now on its way to form higher highs.

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Daily timeframe Head and shoulders reversal.

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0.5 Retracement

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XABCD almost done

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Inverted head & shoulders.

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Ascending Triangles pattern is taking place

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Double bottom taking place here.

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Went stop hunting on the last leg. It should drop now

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Pausing, giving us the opportunity to sell.

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M reversal

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Last leg of the M forming.

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M formed and ready to drop.

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M has formed

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W revesal forming