On a bigger picture, Gold
is still on a uptrend bullish channel
, but somehow we are forming a potential Head and Shoulder pattern, but on the potential right shoulder, we can see the price is trying to form a Inverted Head n shoulder, by doing that, we may see the Head n shoulder pattern may change to a King Crown formation.
Still on my chart, I see we finished 5 waves before NFP and maybe we are on the ABC correction wave now.
No target price for now, just eat your potato~
1 supportive thing for my short idea is that MACD
on 1D is about to going down or may cross.