spencermatt10

spencermatt10

Currently have short pending at the 61.80 fib level - confluences : - 61.80 fib - monthly resistance - 3 touch of top trend line - monthly support now resistance broken . - monthly trend line broken (bearish) This analysis is supported by cadjpy strength

spencermatt10

Full fill weekly 61.80 reversal zone

spencermatt10

Long idea

spencermatt10

Long

spencermatt10

Usdcad short

spencermatt10

Gold into 1755

spencermatt10

Rising wedge towards resistance , bearish divergence macd

spencermatt10

gold and silver have been looking the same moves (sort of) silver looks like to be forming an head and shoulders pattern which is correlating with golds small pull back. melting season ?

spencermatt10

long

spencermatt10

long

spencermatt10

break and retest continuation

spencermatt10

short

spencermatt10

short

spencermatt10

long then short

spencermatt10

bearish engulfing pattern

spencermatt10

3rd retest and rejection of orange support zone would confirm buyers have taking over

spencermatt10

Hi everyone, happy weekend! Through my analysis on XAU/USD seems to be a classic head and shoulders pattern could be forming on the daily , with the left shoulder and head currently formed, could potentially be seeing the right shoulder forming over the next 2/3 weeks. If it does then I will be expecting the price to drop to 1275.80 before a retest of the neck...

spencermatt10

potential head and shoulders pattern, if retests support then rejects, then retests resistance and rejects will complete the right shoulder creating an head and shoulders send price down