{"id":116951,"date":"2017-11-22T07:32:39","date_gmt":"2017-11-22T12:32:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=116951"},"modified":"2018-06-01T15:49:08","modified_gmt":"2018-06-01T15:49:08","slug":"xau-usd-analysis-bearish-shs-pattern-in-progress","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/xau-usd-analysis-bearish-shs-pattern-in-progress\/","title":{"rendered":"XAU\/USD Analysis: Bearish SHS Pattern in Progress"},"content":{"rendered":"
November 22, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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Gold spot – XAU\/USD is currently forming a bearish SHS pattern (head and shoulders) while still capped below the descending trendline. At this time we need to see if the retracement will reach the POC zone. The POC zone 1286.55-1289.58 (W L3, ATR pivot, historical double top\/sellers) if reached could reject the price towards 1279 and below 1274.10 X cross (ATR + trendline) we could see a continuation towards 1266.53. Currently the price is consolidating and we could see a movement soon.<\/p>\n

L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>

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D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Source: https:\/\/admiralmarkets.com\/analytics\/technical-analysis\/nzd-usd-continuation-bearish-shs-pattern?#c!=1 \u00a9 Admiral Markets<\/p>\n

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\"Gold<\/a><\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: XAU\/USD Analysis: Bearish SHS Pattern in Progress<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Gold spot – XAU\/USD is currently forming a bearish SHS pattern (head and shoulders) while still capped below the descending trendline. At this time we need to see if the retracement will reach the POC zone. The POC zone 1286.55-1289.58 (W L3, ATR pivot, historical double top\/sellers) if reached could reject the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-116951","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=116951"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116951\/revisions"}],"predecessor-version":[{"id":116959,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116951\/revisions\/116959"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}