Just to put things into perspective following on the very same chart we have been looking at since September and where we had been identifying these patterns, zones and ideas.....
Just an update on the current structure of Gold following the analysis from last week
The Larger HnS pattern still in play, as we have seen price break lower on the D1 Support....The Right Shoulder of the larger structure also went on to be the head of another HnS pattern that has played out and Reached is target...
The outlook still remains bearish but wont rule out any bullish relief rally as the first target for the inside pattern has been reached...As such will still look to sell rallies intoH1 and H4 Zones....the magenta lines are showing my weekly targets to the downside......
Just an update on the current structure of Gold following the analysis from last week
The Larger HnS pattern still in play, as we have seen price break lower on the D1 Support....The Right Shoulder of the larger structure also went on to be the head of another HnS pattern that has played out and Reached is target...
The outlook still remains bearish but wont rule out any bullish relief rally as the first target for the inside pattern has been reached...As such will still look to sell rallies intoH1 and H4 Zones....the magenta lines are showing my weekly targets to the downside......
4&1 All Time Profit:
$37,496