Pug, on the A$Gold chart the pattern that can be seen is a plain vanilla head & shoulders, though there are a number of mitigating factors that I think will prove it to be a failed pattern, provided it has even been confirmed yet (break of the neckline)
- volume does not confirm the pattern
- there is a bullish falling wedge
- very oversold momentum indicators
- bullish divergences
Also as I posted in another thread this morning there are some bearish developments on the AUD chart, ie bullish for A$Gold.
- Forums
- ASX - By Stock
- GOLD
- is it a quadruple inverse head & shoulders?
is it a quadruple inverse head & shoulders?, page-8
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online