Gold H & S at the 23% Retracement Level

27 set 2019

Got a nice Head and shoulder Pattern forming at the 23% fib retracement level. I'm not a big believer in patterns, but I spotted it and thought I would draw. A Fundamental catalyst would help. If China and Trump reach trade agreement we could easily see a huge drop in gold.

30 set 2019

Commento

Feeling pretty good about this one.

zerohedge.com/commodities/real-driver-golds-recent-weakness?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)

zerohedge.com/commodities/gold-prices-plunge-right-cue-china-golden-week-begins

2 ott 2019

Commento

Now I like it less. The Econ data really turned it around. Non-farm on Friday will be the deciding factor.