moneyflow_trader

monitoring 2hr bull flag set up

moneyflow_trader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
notice the 2 previous bearish cypher patterns. The 1st pattern of the (X) leg appears to be acting as support. I'm looking for gold to get above the 2nd bearish cypher pattern, and Test its X leg for support. If it hold then Im looking for gold to breakout again above $1800 and retest $1840-$1850 area
The AD earlier this morning showed me an ascending triangle to $1840 area. I'm monitoring and do a position
Comment:
Comment:
looking for that 2nd X leg to be support now
Comment:
Comment:
price action today 8/11/22 created a potential inverted head and shoulders breakout that would lead us back to 1799.. Bears would need to invalidate 1785 on good volume to erase that possibility

Comment:
AD/Stoch RSI bottom where the right shoulder needs to be created on gold
Comment:
Comment:
Gold prices will make you go crazy trading these ranges, monitoring the 30min bull flag

Comment:
monitoring
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.