MoneyFlowTrader

re-test of $1265 gold confirms 4hr IHS

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MoneyFlowTrader Uppdaterad   
FX:XAUUSD   Guld / USA-dollar
7
potential 4hr inverse head and shoulders pattern w/ breakthrough of $1265 details on chart
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monitoring the 15min chart for bullish continuation, bulls trying to sneak through the backdoor
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Bears would have to take out $1244-45 area to invalidate the right shoulder of the IHS on the 4hr chart. After looking at the 15min chart bulls have been trending upward still from yesterday forex open. They are looking to recapture the $1259.00 level on watch
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you can track the 15min chart here
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monitoring the 30min chart, I see a potential cup developing
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watch for a possible rounding bottom
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Keeping an eye on this 4hr cup, handle is attempting to form
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meant to post this chart 4hr cup/handle pattern

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