First published analysis GOLD!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
We can see a clean head and shoulders set up forming, also a trend line has been broken and is being retested right now, so i predict/speculate that the price is going down.


“...clean head and shoulder...” - Dude, nothing looks clean🌚
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It's like watching your work
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I cant even look at this chart, how chaotic. simplicity is key. what does the price action tell you without all the drawings? :)
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siseneg.frm IndoMilo
@IndoMilo lines being tested supported and resistance several times those red lines, the only one that cares right now is the trend line that broke, the other ones are careless, i have pivots drawn and the indicator are not important in this analysis de areas green and red those are the one that matter which tells us where supply and demand are, so i use all this combined in order to analyze the price action, which tells me that gold has been acumulating to the upside, but in a very few hours began to drop rapidly which probably means that the accumulation has been ended, that means we can see a possibly cointinuation to the down side
I think I'm gonna be sick, looking at this chart is making me nauseous...damn!! 🤢
siseneg.frm PaschalPT
@PaschalPT so was it accurate or no? doesnt matter what the chart looks like every one has a diff form of analysis however i must admit that i had lack of simplicity for some of u guys that doesnt understand most of the indicators or support or resistance i ve drawn, most of them are only for entries not for price action or anything like that
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