PropSignals

XAUUSD where it is headed long term

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
On the Weekly chart:

Strong Supply Zone with Triple Tops.

Ascending channel

Will it break the strong resistance and continue higher or will it bounce and moves lower?

On Daily chart:

The price bounced from a Dynamic uptrend channel with a key reversal that indicates the price might move higher in the short term and might form a right shoulder from H & S formation

If you look at my chart, it seems that the price already formed the left shoulder and the head but now we are waiting for the right shoulder to form.

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