Gold Futures CME - GCZ2017 December 2017 Signal: Sell Limit - $1290.00 Take Profit - $1250.00 Stop Loss - $1325.00
My script clearly illustrates, as well as states my forceast for BURST/BTC. >>>> THIS idea however is an update of an old one. Please, take a look at the previous drafts of this same published idea. Thank you for your time and reflections! Val Breau
1. Bearish Harmonic pattern 2. Bearish AB=CD Pattern Fibonacci Projection Levels 78.6% = 127.2% GC1! GC2! FX:XAUUSD
GC1! / GOLD / XAUUSD / GCM2017 / Bearish gartley Hamonic pattern Head and Shoulder pattern price neck line breakout and pullback ZIG ZAG PATTERN 61.8% / 161.8 GC1! FX_IDC:XAUUSD GC2! GCM2017
GC1! / GOLD / XAUUSD / GCM2017 / Bearish Gartley Hamonic pattern Fib 78.6% Head and Shoulder pattern price neck line breakout and pullback ZIG ZAG PATTERN 61.8% / 161.8 GC1! GC2! FX_IDC:XAUUSD COMEX:GCM2017
On gold, we are inside of a monthly (1238.23-1205.49) and weekly (1243.13-1205.49) demand zones. There is also a daily supply zone formed just above us but this zone working out is low probability. We have 2 alternatives that may happen here; 1- Red: We may go to lower timeframes and look for good buying opportunities right now and ride the price till daily supply...
Since it is very low on the altitude for shorts, we should just look for a quick 1:1, not more. This trade is an aggressive one twitter.com tradewithcan.blogspot.com.tr
Potential H&S Top, declining volume on right shoulder, wait for neckline break for confirmation. Short on 40% retracement from top of right shoulder through low of breakout.
Great increase of upward movement today on greater than average volume. Prices closed very near the high of the day; however, even with the extra volume prices could not break resistance (C). The next few trading days will be very important. If the rally falls and this creates another lower high below resistance (D) then I believe we are seeing larger scale...
Bulls remain in control of the ascending channel as sellers were unable to follow through with yesterday's decline into FOMC. Support noted at 61.8% retracment
Goldie is struggling to break out. This trade doesn't look good for us. Regardless, we still like Goldie to the upside. Stay tuned
GC triggered for us and now we manage the trade. First target is 1130. Today's FOMC will have some effect on Goldie so we will be watching.
GC is setting up for a visit of the November lows. Pull backs are sellable. If you are in from the bear flag trim and trail. We are looking for a test of the lows, then 1100.
GC looks fugly!!! It's chopping around and is not sure which way to go. GC may be waiting on Greece and the EU to iron out their differences. We will keep an eye on it but we don't see any reason to be involved now
As we mentioned if GC breaks down we would pass on the trade and we did. We will watch for bounces and see if the hold. This is on our watch list. Stay tuned. Watch more GC analysis here: youtu.be