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frietzak replied May 18, 2014Hi Vrshaiju, I am still learning your way of graph structure. Do I understand correctly that you expect gold to first drop to ~ 1260 after which it will rise $100 - $200 again? Best regards, Frietzak
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frietzak replied May 16, 2014Hi Hasmukh, The neckline of the head and shoulders is ~ 1282. Should this line be broken I expect gold to drop to ~ 1245. It's only half an answer to your question, but I wanted to share my insights. Good luck today and have a nice weekend! Best ...
All Majors and Gold
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frietzak replied May 14, 2014Hi Aeternum, I'm new here but I noticed the same thing. I expect the pair to go south soon. (Especially after the last push on 1H timeframe.) Best regards
Only Gold!
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frietzak replied May 14, 2014Hi Hasmukh, This is my first post, so do not attach too much importance to my opinion. But I notice a head and shoulders on the H1 pair. I expect the pair to go south (bearish) quickly. Best regards
All Majors and Gold