Precious metals particularly Gold are very strong today.
XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it both ways....down and up.
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Don't sell this yet guys..you will get hammered..gold is very bullish today..We wait for a break of the neckline on some volume downwards and a bearish candle like a bears pinbar.
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Short: This is at the neckline. Look for a bearish candle.
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SELL XPTUSD
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I am SHORT with small lot size for my account.
It recently bounced off the neckline. It has previously retested.
Its a bearish scenario on the 1HR and 2HR timeframes XPTUSD
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Short:
Down it goes on selling volume
* Trading is risky. Don't rely solely on my investment advice.
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Sell Platinum:
A legitimate TP would be all the way down at 922.5.
No reason why it can't get there because its been bucking the trend in gold's bullishness all day in Asia/Oceania.
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Notwithstanding I think XPTUSD, the Gold price should bubble along good today, here is why.... The USDX is under pressure on the lowertime frames. See chart.