Observing Gold's weekly chart, It now appears its in a rounding Top/ Bearish Inverted Cup and Handle Pattern. In Addition to that It also appears we're possibly in the 4th wave up leading into the 5th wave, which is a retest of the C leg which I have at around $1889/1890. A rejection of this level also gives The 5th wave down the Right Shoulder to the bearish Head and shoulders pattern. I then see a sell off on the ABCD Pattern.. Where lastly The D leg of the ABCD pattern retesting the Flag Break Out.
I have a short Term Target of $1840. and will look to switch to the bearish side after the 5th wave is confirmed. In Fact this whole movement by gold looks like a bearish ABCD pattern. After we reach the Finally D leg, I will look to go long and see gold retest the $2,000.00 per oz
I have a short Term Target of $1840. and will look to switch to the bearish side after the 5th wave is confirmed. In Fact this whole movement by gold looks like a bearish ABCD pattern. After we reach the Finally D leg, I will look to go long and see gold retest the $2,000.00 per oz
Comentário:
see how it looks like just one big bearish ABCD Pattern
Comentário:
monitoring the 2hr bull flag set up
Comentário:
Comentário:
The AD showed me an Ascending Triangle w/ an $1840 price target
Comentário:
price action today 8/11/22 created a potential inverted head and shoulders breakout that would lead us back to 1799.. Bears would need to invalidate 1785 on good volume to erase that possibility
Comentário:
AD chart of Gold
Comentário:
low stoch rsi on gold where there's the potential for the breakout of the right shoulder to the inverted head and shoulders pattern
Comentário:
AD/Stoch RSI bottom where the right shoulder needs to be created on gold
Comentário:
double bottom by the AD
Comentário:
the lower time inverted head and shoulders set up . Notice how the Right shoulder, created its own inverted head and shoulders pattern
Comentário:
5min chart AD in a triangle
Comentário:
Comentário:
Gold prices will make you go crazy trading these ranges, monitoring the 30min bull flag
Comentário:
watching
Comentário:
Comentário:
