Updated

Gold Daily Ichimoku and Possible Head and Shoulders

We are now at a retracement of .618 of the drop from 1295 and nearing the top of the daily Ichimoku cloud. Bullish cloud could support the price but might only carry it to a lower high but I'll long the breakout if it pushes higher than the head. I'm watching the upper part of the cloud near .707 at 1272 to see if it pushes higher or turns south forming the right shoulder of a possible head and shoulders. The red possible neckline and channel will determine short confirmation for me. I'll add to short/long at 1295/1215 respectively.

Good luck, have fun, be safe!

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IHS Possible, watching neckline 1254. Target could be higher to get our right shoulder.

s3.amazonaws.com/tradingview/snapshots/z/ZIQT6v2y.png

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This part of the cloud is still bull on daily. Let's see if we can get above it.

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Finally our right shoulder is near completion at the top of the cloud. Watching price action closely. Bought DUST to short and scalping while watching to enter larger short.

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Hourly channel breakout and a Bull Gartley forming. Will watch that area to see IF it turns, might touch broken trendline as a target.

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We went up, slightly broke above the previous high only to quickly retreat. We came all the way down to 1272 area breaking down thru tenkan-sen at 1277 and then back up to test it. Still holding short from near top and a long hedge near 1274. Waiting...

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top of cloud is 1263 area.

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1295 is closer in sight...

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