Gold-short
Gold in short temporaly timeframeWell, in this second technical analysis what I make, I see a Gold bearish until the $1,722 USD until this price, because, rememebr we are in the formatin of shoulder head shoulder inverted, and so, I make a shorting movement to earn benefits in short time until the gold form the next right shoulder what is working. And so, I use 3 EMAS:
1. EMA 100
2. EMA 50
3. EMA 21
For proyect what gold make!!!, for this moment in H1 timeframe.
But if you see in this timeframe M30, I can see that gold want to active my sell order limit at 1,738 USD. And so, this is very interesting what Gold want to leave at the red EMA 50.
GOLD near probable final REVERSESo in spite of the fact that FED begin quantitative easing and rates are close to ZERO, GOLD has not significant increase, that point out to near final reverse and end of wave B. In addition number of BULLS in this market is enormous in comparison with BEARS, that is one of considerable features of the end of wave B. The third factor is that wave 5 in wave B is presumably triangle or wedge, that is much more possible at the end of the pattern.