GOLD with bearish FLAG - new wave down to TP2?
Gold is forming a bearish flag on it s way down to my TP2. The flag edges are the possible tradingmarks. Trading above the flags edge can open the possibility to start a retest of the big necklinebreak.
Trading below the flags bottom edge means a futrher shortsignal with TP 1035
BIG SHS: On its way down to the max target @ 960-980
Reached all Targets!!!
...and here the BIG H&S...
Gold triggered bearish H&S
Today, the shortterm-shortsignal appears, the bearish H&S is triggered and active.
GOLD neutral Zone
Neutral between 1170-1220
shortterm-long >1220 with target 1255
shortterm-short < 1160 target 1140
longterm shortr: < 1140: target 1060/1000
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Trading below the flags bottom edge means a futrher shortsignal with TP 1035
BIG SHS: On its way down to the max target @ 960-980
Reached all Targets!!!
...and here the BIG H&S...
Gold triggered bearish H&S
GOLD neutral Zone
shortterm-long >1220 with target 1255
shortterm-short < 1160 target 1140
longterm shortr: < 1140: target 1060/1000
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
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