gold daily bearish ab=cd chart

I have trendlines at 1259, 1220, 1205, and have 1180-188 area for retrace to the .382% fib level short unless something significant geopolitical event transpires which is not difficult to do in this current environment

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risk reward ratio

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1hr head and shoulder pattern spotted by the Ad earlier this morning 4/19/17

I now see a 2hr AB=Cd pattern set up which could give a dead cat bounce to a previous resistances level before re-shorting. However, Gold remains bearish $1275 is strong confirmation of trend breach as it's also R2 pivot point

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2hr AB=CD leg. I see a potential D leg for a bull scalp on gold that could offer a chance to re-short gold at a higher level for those that missed out on the opportunity. Bears are still in control imho

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The November Election High (buy signal) is still a key resistances level for Gold.

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monitoring the AD 4hr chart seeing possible multiple bearish head and shoulder patterns

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Gold Flashed a Bearish Head & Shoulders pattern on the Daily chart last week

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4hr chart of Gold bearish spike levels i'm monitoring

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