#XAUUSD (GOLD) (1H):
We have a possible reversal scenario here on gold. That's pretty clear that we could see a Head and Shoulder formation if the right shoulder will complete the pattern.
The Head respected yesterday's expectations to the downside, following the bearish three drives. That being said, i'm not willing to sell this market just yet, but i want to see a proper break of 1800 level before switching my bias.
We have a possible reversal scenario here on gold. That's pretty clear that we could see a Head and Shoulder formation if the right shoulder will complete the pattern.
The Head respected yesterday's expectations to the downside, following the bearish three drives. That being said, i'm not willing to sell this market just yet, but i want to see a proper break of 1800 level before switching my bias.