GOLD Cycle Repeating?
XAUUSD Gold Spot: Purely Technicals
04/06/11-08/07/13 BAR Pattern. I've pulled this from the previous top back in 2011. The resemblance is uncanny and the BAR Pattern fits perfectly within the Current Pitchfork levels.
Bearish Notes:
- Ichimoku Bearish
- 10/20 Moving Averages Bearish
- Pitchfork Respected (Bearish)
- RSI Trending Bearish
- Current Market Structure Bearish
- Fractal Descending Triangle forming (Bearish)
Bullish Notes:
- Potential Double Bottom off Daily Support
Few ways you could play the trade, whatever your sentiment and risk appetite.
- Entry now
- Wait for Support Break/Hold
- Wait for Retest Reaction
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
04/06/11-08/07/13 BAR Pattern. I've pulled this from the previous top back in 2011. The resemblance is uncanny and the BAR Pattern fits perfectly within the Current Pitchfork levels.
Bearish Notes:
- Ichimoku Bearish
- 10/20 Moving Averages Bearish
- Pitchfork Respected (Bearish)
- RSI Trending Bearish
- Current Market Structure Bearish
- Fractal Descending Triangle forming (Bearish)
Bullish Notes:
- Potential Double Bottom off Daily Support
Few ways you could play the trade, whatever your sentiment and risk appetite.
- Entry now
- Wait for Support Break/Hold
- Wait for Retest Reaction
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Disclaimer
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