MoneyFlowTrader

re-test of $1265 gold confirms 4hr IHS

Long
MoneyFlowTrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
7
potential 4hr inverse head and shoulders pattern w/ breakthrough of $1265 details on chart
Comment:
Comment:
monitoring the 15min chart for bullish continuation, bulls trying to sneak through the backdoor
Comment:
Bears would have to take out $1244-45 area to invalidate the right shoulder of the IHS on the 4hr chart. After looking at the 15min chart bulls have been trending upward still from yesterday forex open. They are looking to recapture the $1259.00 level on watch
Comment:
you can track the 15min chart here
Comment:
monitoring the 30min chart, I see a potential cup developing
Comment:
watch for a possible rounding bottom
Comment:
Keeping an eye on this 4hr cup, handle is attempting to form
Comment:
meant to post this chart 4hr cup/handle pattern

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