We can see a midterm uptrend since 30.05.2016. The upmove temporarily stopped with a Double Top @ 1.375$ - a consolidation started.
Today we are trading near the supportlevel @ 1.310$. Here is based the midterm uptrend-line, the min. correction Level - the fibo 38,2 retracement, the neckline of the possible H&S and the EMA 200 in this timeframe. All together are apivot support-Cluster.
1. Trading below that Level will break the midterm-uptrend - a shortsignal appears. The TPs of the H&S are 1.274$/ 1.248$.
2. Will the trend be bought, that would be a bullish Signal. Here you could exspect the next buying-wave up to 1345$/137$5.
3. Trading above the former Top @ 1.375$ will cause a midterm-longsignal --> TP 1.430$
This is just my persoonal view -please trade your own view.
COMMENTS ARE WELCOME -AGREE OR DISAGREE
Former Analysis:
Can Gold free itself from the H&S- lock?
Gold-0.16% is fighting with the EMA 200. Will Gold-0.16% lose the fight, a bearish-shortterm-Turnaround-pattern in form of a H&S would appear. The TPs of the H&S are: 1278/1260.
Can the EMA 200 be defended, then the consolidation seems to be finished.
Only Prices above the shoulders (1340$) will brighten the shortterm trend. --> TP would be the former Top @ 1375$ .
Today we are trading near the supportlevel @ 1.310$. Here is based the midterm uptrend-line, the min. correction Level - the fibo 38,2 retracement, the neckline of the possible H&S and the EMA 200 in this timeframe. All together are apivot support-Cluster.
1. Trading below that Level will break the midterm-uptrend - a shortsignal appears. The TPs of the H&S are 1.274$/ 1.248$.
2. Will the trend be bought, that would be a bullish Signal. Here you could exspect the next buying-wave up to 1345$/137$5.
3. Trading above the former Top @ 1.375$ will cause a midterm-longsignal --> TP 1.430$
This is just my persoonal view -please trade your own view.
COMMENTS ARE WELCOME -AGREE OR DISAGREE
Former Analysis:
Can Gold free itself from the H&S- lock?
Gold-0.16% is fighting with the EMA 200. Will Gold-0.16% lose the fight, a bearish-shortterm-Turnaround-pattern in form of a H&S would appear. The TPs of the H&S are: 1278/1260.
Can the EMA 200 be defended, then the consolidation seems to be finished.
Only Prices above the shoulders (1340$) will brighten the shortterm trend. --> TP would be the former Top @ 1375$ .
Not
Not
TP1 (1345$) reached today - xau on the way up to tp2 @ 1373$ Not
Not
flag attack!!! Not
Flag active!!! Not
The Action Point unfolds his power!!! Not
The rsi signs a possible Rebound down to the flags Body (BO-Niveau) Not
next breakout ahead..or another round within the new mini flag? Not
gooood! Not
OK - we are trading near the next bigger Action Point -it`s getting interesting now Not
Not
H&S, Flag ? Whatever! But it smells bullish! :-9 Not
wow! the news /data destroyes all my pattern :( 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.