Gold (XAUUSD)

Possible Head and Shoulders Pattern - Analysis and Targets

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We have a possible head and shoulders formation on Gold. Upon a break below 3,358, we would have a target down to 3,327 which also would line up with our volume blocks on the VPVR. A break above 3,390 would negate this pattern. If we break down we are still in a macro ascending triangle formation which would be a bullish formation until proven otherwise.

Short Term : Bearish
Medium/Long Term : Bullish

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