Dmtz4444

Inverse H&S on XAU/USD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Price has been showing a nice pattern on a reversal H&S, and from Jun low to Aug high, Fib retracment price has found a nice right shoulder test on the 50fib, price may still test the the .618fib, and a hold from there could send price to break threw the neckline, @$1425, with a target projection of @$1650, RSI has had 3 pecks of over sold, sending a great signal, along with MACD, with Positive Divergence. And with Government shutdown talks, & weak NFP this Oct2013 , could give a signal for the FED to do more QE and send Gold back above 200MVA . let price dictate, where it wants to go. #SMART-MONEY.
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