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XAUUSD: Waiting for GOLD to Form a Head & Shoulders Pattern Before Short
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XAUUSD, D
Waiting for GOLD to Form a Head & Shoulders Pattern Before Short

As you can see from this Daily chart, Gold has been in a short/medium term bull trend recently. This bulltrend could potentially be running out of steam here - as you can see from the Fibonacci I have applied to the bear trend before it, Gold has now reached its 61% retracement area. It pulled back from the 61% Fibonacci area (around $1255~) quite rapidly and it ...

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