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Handofgold

Widen Your GazeProviding an update to our previous trade setup for Gold that outlined a potential Bearish Head and Shoulders setting off a fractal chain reaction of selling pressure. That scenario has played out as we predicted and we expect selling pressure to remain intact for the near term. We expect the bearish momentum to continue until we reach previous highs around the 1920's. Never trade a pattern before it has completed and aways hedge your positions as appropriate.
TVC:GOLDShort
by HandofGold
5
GOLD REVERSAL WITH FRACTAL H&SHere is a multi-timeframe fractal analysis for Gold priced in USD. Looks can be deceiving but it appears a head and shoulders pattern has formed signaling a short term price reversal in the yellow metal. This pattern has potential to set off a chain reaction of bearish chart patterns and downward price movement. Use stop loss as appropriate as these are irrational markets and volitility could spike at any moment. To validate, looking at the DXY, the chart seems to show the opposite with a double bottom reversal pattern beginning bullish series of movements. Good Luck Traders!
TVC:GOLDShort
by HandofGold
1