I personally wouldn't class it as one. There is no significant middle peak (head) and its basically just a range, with some wicks to the upside and low volume bodies, no strong sign of H&S imo. Weak volume and bodies, dont let it trick you!

Gold

why is price climbing right now, uncertainty regarding trumps pressure to cut interest rates? tsunami? or just ranging up and down before overlap begins later on

Gold

i think wait and see when NY overlap begins, price bright break out of the range and price in the expectation of the rate remaining the same and we might see a move to the downside but who knows, maybe it will just keep ranging up and down too until ...

Gold

is this tsunami going to affect the markets short term?

Gold

that's because it looked like it was pasted from ChatGPT. sing a new song, will ya. enjoy your Wednesday

Gold

a simple yes or no would suffice, no need to be rude. happy wednesday morning everyone. safe and profitable trading ahead!

Gold

so in other words, tomorrow if they keep the rates steady, gold may continue on down our bearish setup?

Gold

evening everyone, can someone explain to me what a Fed rate cut would mean for the US economy and ultimately for gold? Likewise, leaving the rates as they are, how does that affect gold in general? thx

Gold

maybe so, but either way im happy, took a quick long from 3313-3326 and booked some profits, now await further PA

Gold

what can i say..i have high risk appetite..hahah. securing profits here at 3324 and let it run.. looks likeits going to blast off

Gold

entered at 3313, 3318 now, on low risk. lets see if it will break 3320

Gold

yes im watching, and entered at 3313 long TP 3345, if im wrong im wrong, lets see.

Gold

job openings came out slightly worse than expected, so maybe we see gold to 3345 today?

Gold

ya maybe, dont like how its acting today

Gold

no, the news came out on Sunday, hence yesterday most of us had a great day trading the huge bearish move…. You might wanna change your news source! Haha

Gold

not really, sometimes it can take us by surprise positive or negative. Let’s see! Better to be on the side of caution until data is released.

Gold

F this PA. I’m out until news come.

Gold

And we’re off!!!!

Gold

im in.. tp 3310 first

Gold