GOLD Short with H&S Pattern under development with MACD DVG.
H&S Pattern under development can take small short position with tight stop above head. Add to your position once market brakes the neckline.
1st Target : 1175 till 1st Aug 2016
2nd Target : 1100
Note: 2 Big events underway:
1) FOMC on 15th June.
2) Brexit vote on 23rd June and results on 24th June.
Both events are big enough to make a large moves in either direction. i will go for the short side with stop at 1325 for my initial small position at 1270.
Please leave your comments and views about gold below.
1st Target : 1175 till 1st Aug 2016
2nd Target : 1100
Note: 2 Big events underway:
1) FOMC on 15th June.
2) Brexit vote on 23rd June and results on 24th June.
Both events are big enough to make a large moves in either direction. i will go for the short side with stop at 1325 for my initial small position at 1270.
Please leave your comments and views about gold below.