gold 60 min $5 box size by 3 reversal at trend res now 1350 area horizontal res at 1370 could be telling us that we might get a dollar rebound a long breakout column/upwards with no retrace so far
gold 4 hour gave a negative signal today $4 by 3 reversal hilo plot too early to tell if it is a new trend
gold 15 min shows the downtrend that started on wednesday/fed day $1 box size by 1 reversal close.eliminates noise we had the weakness pointed out on wednesday night.so all rallies were shorted looks like it wants to break upwards trend res/red lines are 1315 to 1320 area support 1310,1307 and then 1300 there are prev horizontal supports going down to 1250 area so either we break that downtrend or it continues with the trend or more likely it consolidates news depends
depneds on the dollar dollar index 4 hour shows the downtrend that started on 9th julyat res..looks like dollar strength,especially with eurozone deflation..lets see what happens if we break that res and move up ?? or consolidate
what next ??? at trend support and horizontal supp $7 box size by 1 reversal 60 min close the numbers are dates
it just shows a hns pattern and thats where it would go,not sure what percentage of hns patterns play out/fail