GC1, Gold futures. Broken H&S

20 Kas 2016

I believe Gold has broken a Head & Shoulders Pattern and we can see move bearish movement from here. This could also mean DXY ascension is not yet finished.

Not sure if it is worth to take any short position though... Notice there is a valid Cypher pattern and, if market decides to complete it, the price may fall to as low as 1125 area.

This movement does not cancel the bullish run and we should see Gold going to 1,400 area by next year

14 Ara 2016

Not

Moving towards the target value

16 Ara 2016

İşlem kapandı: hedefe ulaştı

I enter a long position now although gold may go lower. Buying at current price, SL: 1069, TP: 1450

11 Oca 2017

Not

Longs at breakeven. I think I will close it at 1250 as the alternative variant becomes more and more evident