XAUUSD - Bearish -I look to Sell at 1956
◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area
Stop: 1991
Target 1: 1877
Target 2: 1850
Chart
◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area
Stop: 1991
Target 1: 1877
Target 2: 1850
Chart