samlarb
Long

Gold Forecast (27/04/20)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
With USD set to weaken this weak in my opinion as a result of capital flows, caused by the fact there is a lot of USD news, I can see this leading to gold pushing back to 1730/ 40 to form a inverse head and shoulders on the 4H TF. Although this isn't usually a continuation pattern, in recent history these inverse H&S have formed several times, all being followed by a bullish rally. If this pattern does form it could be a good time to long with a final push to 1770-1800 looming. I am already in this trade with several positions from 1570 from my previous forecast on the 1st of April so lets see what happens.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out