jglouw24

jglouw24

So we are still range trading Gold.... presumably until the FED decision next Wednesday. I see a Head and Shoulders pattern formed on the 60 minute TF and currently testing the neckline. Also notice a bearish divergence. I will keep trading this range until a definitive breakout either way (my preference is bearish). Target is around 1483.80 ish Please do not...

jglouw24

After yesterday's rising wedge breakdown that i almost got right (still closed in profit but didn't quite pan out the way i thought), we are presented with what looks to be a bear flag forming near the monthly trend line support. Will it reject and bounce back up (i think so) or will it break and push for the 1445 zone? Hmmmm, let's see shall we. Please note this...

jglouw24

As it says in the description. Target zone preferably in the 1477 ish area. Please note: Just for my educational purposes, do not use this as sound financial advice :)