Gold Bullish

Bullish head and shoulders pattern is prevalent on the Gold daily chart.

It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation.

2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens