ChanelFXHill

ChanelFXHill

It looks like a head and shoulder pattern is forming near a resistance area. If price fails to make a higher high and breaks neckline, I will look to go short.

ChanelFXHill

Price is moving away from a demand area. And a possible bullish flag is forming. I am waiting for price to break out of flag before going long.

ChanelFXHill

Gold finally made a move up at the end of last week, but is now retracing. I would like to see how price reacts at the 1780-1776 area before possibly going long. I also see a head and shoulders pattern indicating Gold could possibly go lower before making its way back up. Thoughts???

ChanelFXHill

Price is at a daily demand zone. If price fails to break this area, I will buy to the previous supply zone.