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tyross

XAUUSD Spot Gold - 2hr Chart Head & Shoulder inverse?????

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
tyross  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Technical Indicators XAUUSD Commodities Forex tradeidea analysis
3
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chartpattern trendanalysis indicator xauusd commodities forex tradeidea analysis
Gold has recently rallied and been consolidating for the last few months.

Seems the consolidation within the 2hr chart shows to myself a head and shoulder inverse to continue the price to target daily highs near 1550.

A breakout of 1516 would be ideal to see buyers taking action from this pattern.
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