From Rambus Wednesday report :

Before I post the monthly charts I would like to show you a weekly line chart for gold which shows the golden neckline. I’ve seen a lot of charts where the author shows the neckline that is a half inch thick and says that’s your neckline. Sometimes that works for support and resistance zones but for a neckline they’re generally much more precise.

A weekly line chart shows you just the weekly closing tick so the line won’t be in stone until the week ends. Also a line chart often times can give you a quicker heads up on a potential breakout vs a bar chart. As you can see on this weekly line chart below the price action has been testing the neckline all week long which is still showing resistance as gold is down $9.00 for the week. This tells us the neckline is most likely properly placed and hot. A decisive breakout above this neckline on a weekly closing basis should be a good indication that the massive H&S bottom is complete. This H&S bottom is pretty symmetrical as there are two left shoulders and two right shoulders. It will be interesting to see where gold closes on Friday.

Full Report ( for members)
https://rambus1.com/2018/01/31/wednesday-report-194/