XAUUSD

Gold has broken structure on the 4hr timeframe as well as the bearish momentum it has gained on the daily bringing it back into the ranging zone on daily with a very strong rejection on the weekly timeframe. we can see the right shoulder of a head & shoulders forming on the 4hr and a bearish confirmation signal on the 2hr which shows it is ready for a massive 700 pip drop to 2335 level.trade safe