koolmus

And you have a nice triangle... If it breaks through - the target is 2050 or so If it breaks below - the target is 2020 or so I am Long from 2034 Good luck to everyone!for now - its a long. but the sell is just above so...

Since the deal from this morning came to fruition quickly (too much?..) I believe that the canal lines will be preserved, especially since it stopped at a strategic place. It seems that an upward correction is expected, check the 200 average from the bottom (if further down the road is expected for gold - I don't know), and other averages that he quickly moved away from. A moderate and slow increase, I think it will show strength. Fast rise with low volume - you will show weakness (and another trap). The percentage drop square drawn in the middle indicates the size of the head and shoulders drop, so in my opinion he has more room to drop, not to mention momentum. According to the form of the rise, I will consider whether to advance a stop/partially exercise/wait for the upper limit of the channel. Good luck to everyonelong 2046.3dxy neer resist line and down trend line. I think that supports the long

Normally I would say in a head and shoulders pattern that it might be worth waiting for a liquidity trap in the right shoulder area and then shorting, but it seems that in gold the right shoulder is usually lower and it starts to move. The solid trend lines - the outer limits of the daily price movement. The dashed trend lines - internal trend lines that all center to strong resistance in the "head" area. If it repeats its action patterns - I expect a strong and stable movement to the 2044 area, and even below that, but the main thing is to *catch the strong initial movement* (if it happens).short at 2059Thank God .. that was fast..

The general momentum is upward, and it still has a long way to go. And on the other hand, there are good signs for a short-term short: a "tense" graph, decreasing volume and significant resistance. The convergence in the triangle will allow a better understanding of where it will move. Break up (Supports, Volume, Dixie Descends) - Long. Break down - short.buy 2072 stop 2062 tp 2086

So we all know it's the graph of gold... Average 200 in orange, average 20 in red, the candles are colored in reverse (declining in green and rising in red) - and that's it. Totally totally upside down So if we disconnect for a moment from all expectations, desires and hopes and look at this graph as if without recognizing it (as much as possible): If someone shows me the graph at a glance, to "throw" an analysis - it seems that this graph, in general, is going down, and if he wants to go up - he has some serious obstacles to overcome. It also seems quite clear that this graph will first correct, most likely, towards the averages, because there is a rejection of the level (which you see is significant), and there is nothing to be excited about the "hammer" in this case, because it rather points to the direction that the graph really wants to go, it is simply Not yet "cooked" enough. Maybe the institutions brought the price back to buy more cheaply... And in the opposite words: gold looks pretty good in the direction of buying, and in the short term a small downward correction. An inverted graph can sometimes help examine what you really think, especially if it's simple, different from what you're used to, and without all the usual chatter and expectations that direct us to what we want to think...

At high intervals - gold is supported by the 200 moving average, and reaches resistance with strength and a significant weekly candle, after undergoing a correction. In low intervals he still has to deal with the 200 average he has reached now. It seems all set to build head and shoulders after dropping back from the 200 average towards the 20 average on the hourly chart. According to the range of the head and shoulders, if it comes to fruition, it will come back to the resistance area, at least to the descending daily trend line in the 2000 price area. I'll see if it drops to the 1944-1950 range, and there I'll look for a clear reversal (of course, combined with an appropriate volume). If there is a reversal (right shoulder) I will enter the transaction with the stop at 1938, where there is both an upward trend line and significant support, with the target for the transaction being 1990. By the way, Fobonchi lines in such a scenario are "by the book"...