XAUUSD Gold Update: Potential Inverse Head And Shoulders

Potential Inverse Head and Shoulders is being formed on H1 Chart Timeframe
The bottom must be constructed between 1775-1770.
The neckline and the Structural Targets are shown on the chart.
Can be used as an intraday - short term- buying opportunity.

Pattern validation conditions:
1.the second shoulder with the bottom form must be constructed.
2. the neckline must be broken.

Note: Cycle Sniper sent an early signal of correction on H1 Timeframe.

Good Luck!

Comment:

TP1 OK