Gold, have you ever seen my 'owl formation'?
I made this ones at aud/usd and it worked. No kidding! But, I wouldn’t recomend to trade based on this, because there is no ‘owl formation’ in the FX books. Who knows, maybe it’s time to be written about it!? 🙂 Btw. gold is looking very strange in the last couple of days, but it’s not surprising if we take a look at the stock exchanges and bonds. 1270 stop the gold on the way up today, where is MA100 H1 and H4 placed, that level was previous support at February 02. decline as well. Could this H4 up trendline reverse the gold up, or gold will contiunue to fall toward stronger 1252/55 support?