Plz read my Friday commentary below first to get a feel 4 today!
https://www.tradingview.com/x/9Leu7ZxJ/
Precious metals particularly Gold are very strong today.
XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it both ways....down and up.
Precious metals particularly Gold are very strong today.
XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it both ways....down and up.
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Don't sell this yet guys..you will get hammered..gold is very bullish today..We wait for a break of the neckline on some volume downwards and a bearish candle like a bears pinbar.Trade active
Short: This is at the neckline. Look for a bearish candle.Trade active
SELL XPTUSD
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I am SHORT with small lot size for my account.
It recently bounced off the neckline. It has previously retested.
Its a bearish scenario on the 1HR and 2HR timeframes XPTUSD
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Short:
Down it goes on selling volume
* Trading is risky. Don't rely solely on my investment advice.
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Sell Platinum:
A legitimate TP would be all the way down at 922.5.
No reason why it can't get there because its been bucking the trend in gold's bullishness all day in Asia/Oceania.
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Notwithstanding I think XPTUSD, the Gold price should bubble along good today, here is why.... The USDX is under pressure on the lowertime frames. See chart.
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Short:
This looks to breaking down now.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.