Gold What A Trade That Would Be..!

FX:XAUUSD   Gold / US-Dollar
1159 11
After a rally price in gold is has already formed a shoulder and the head of a pending H&S pattern. If price reverses and climbs once again till the level of the left shoulder we should watch a sell setup to complete. This trade is what we call a big fish! It offers tremendous risk/reward ratio with more than one opportunities if we have that massive drop..

So be patient and keep a closer eye to gold ..
Kommentar: Price has reached at the left shoulder level. We should keep a closer eye, for a sell setup to complete
Kommentar: Breaking below this wedge pattern we will possibly have the begining of a big downmove.
Trade ACTIVE !! I put a sell order we are 80 pips already with us
Hi bro, what kind sell setup do you expect once price hit the level?. It is now already hit sell level target.
1150~1160 should be a strong support. 61.8% retracement.
very, very good!))
Thank you Igor..!
waiting for it mmm!!
That will be a good one..
Good but watch 1245-48, if not crossing early bearish signal.
Thank you..
Agree. 1260+ levels retracement is due for a longer term fall to 1180 levels being conservative. Booking profits at 1200 on the way down is a must,never know if that psych. level will hold again. Should be an interesting June for gold!!
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