A bullish pattern inside another one.

Long

Or / Dollar Américain (FOREXCOM:XAUUSD)

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FOREXCOM:XAUUSD Or / Dollar Américain

I have found an interesting setup in gold. Inverse head and shoulders inside a 10 year long cup and handle, where we are at the handle part. Indicators are starting to show some strength and cycles are up, I think we will see a nice rally in the coming quarter for precious metals.

Commentaire:

So, right now we need to see a weekly close above the neckline, somewhere around 1911, that will be the buy signal.

Commentaire:

Stop loss for speculative investors is a daily close below 1760, for more conservative, long term holding investors it is a weekly close below 1670.

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