GOLD Short with H&S Pattern under development with MACD DVG.
H&S Pattern under development can take small short position with tight stop above head. Add to your position once market brakes the neckline.
1st Target : 1175 till 1st Aug 2016
2nd Target : 1100
Note: 2 Big events underway:
1) FOMC on 15th June.
2) Brexit vote on 23rd June and results on 24th June.
Both events are big enough to make a large moves in either direction. i will go for the short side with stop at 1325 for my initial small position at 1270.
Please leave your comments and views about gold below.
1st Target : 1175 till 1st Aug 2016
2nd Target : 1100
Note: 2 Big events underway:
1) FOMC on 15th June.
2) Brexit vote on 23rd June and results on 24th June.
Both events are big enough to make a large moves in either direction. i will go for the short side with stop at 1325 for my initial small position at 1270.
Please leave your comments and views about gold below.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.