Potential XAUUSD moves on 30min Chart

11 Tem 2016

On a bigger picture, Gold is still on a uptrend bullish channel, but somehow we are forming a potential Head and Shoulder pattern, but on the potential right shoulder, we can see the price is trying to form a Inverted Head n shoulder, by doing that, we may see the Head n shoulder pattern may change to a King Crown formation.

Still on my chart, I see we finished 5 waves before NFP and maybe we are on the ABC correction wave now.

No target price for now, just eat your potato~

1 supportive thing for my short idea is that MACD on 1D is about to going down or may cross.

12 Tem 2016

İşlem kapandı: hedefe ulaştı

the price didnt really followed my arrows, but my target hits

12 Tem 2016

Not

This bear is gonna go for a while, but at this moment, it fall right on my C, which the one on my ABC adjustment wave