We see the EIA show a slight bullish sign and PA was acting like it is heading into winter, but that is due to a one week spring weather spike and is not sustainable. So I am expecting a big retrace in 1 week, or 2, unless it hits the new high. The strong retrace would omit the right should build directly.
The Title says it all, the super doji indicating it.
This is a good chance to short either we hit double tops and the three drives pattern. First tp 2.82 send 2.55
Technically this rally is over stretched. From the clone level it looks possible to hit 3.08 - 3.16, short the short term rally might work. Do your own DD, this is just one way of possible winning trade.
Gold really like three drives pattern, it is on the up stage, tp 1230 and 1268
Got a good reversal ()3 Drives to up, the down reversal success has been moderated. Lets see if this one works better. tp 1 1196 tp 2 1170
OK here again, Gold likes Three Drives Pattern.
After my previous 3 Drives pattern () works, This might be another 3 Drives pattern. It is really 50-50 where Gold can go now. We can go with either CUP pattern, which it can run to 1172 and possible a run to see 12xx handle or break 1146, go with 3 Drives pattern, and get a chance to see 2016 low again.
It is at the final stage of 3 Drives pattern, which is up, up and away stage. Gold has been favor this pattern quite a lot, let's see if this works again. First TP 1147.55 and Next 1157.11, those 2 are the clone levels.
This Idea mainly is based on Clone level and PA. The daily chart is somewhat bearish, will trade according to the clone level and wedge for direction. I made this chart in September and was amazed by the Top TL guidance, and also the lower wedge TL was pretty good protected so far. This chart might still work for a while, so decided to share it, please make...
lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.
there wedges, and bunches of trend lines, either slowly or quickly it seems is heading down? there are too many paths and they are not all drew... make your own chart if you like.
Too many HS patterns, I just randomly pick one. The timing is not well considered, take the general guideline only please. Wait for the head, head might be in already.
This looks quite likely, but it might also go down directly if Brexit. Take your own judgement
Possible Inverse C&H to follow, intraday to follow Candelara pattern if there is one.