Slippery gold, looks like a inverted H&S on daily to me, im doubting if it already completed the inverted H&S , but after reviewing a couple of times im sticking to this plan.
I expect price to retrace to the 50 area, completing the right shoulder and then heading towards the 63 area which is also the 50-61.8 fib level.
its still to early to say, but if it goed that way, 50% of the W is forming, but it would all depends on price action in that area.. A large Doji would have my preference then....
but lets see :)
for now wait until break of neckline.
I expect price to retrace to the 50 area, completing the right shoulder and then heading towards the 63 area which is also the 50-61.8 fib level.
its still to early to say, but if it goed that way, 50% of the W is forming, but it would all depends on price action in that area.. A large Doji would have my preference then....
but lets see :)
for now wait until break of neckline.
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