#GOLD_UPDATE GOLD WEEKEND ANALYSIS ā XAU/USD 1H
A potentially powerful pattern is forming on Gold and it's worth watching closely next week.
We have an Inverse Head & Shoulders developing on the 1H chart:
š Left Shoulder ā formed
š Head ā bottomed out around $4,366
š Right Shoulder ā forming NOW
Price pushed up into a key resistance level at $4,579 and printed a pin bar rejection ā which is exactly what we want to see. That rejection is now giving us the pullback to form the right shoulder.