Gold Setting Up For Head & Shoulders? Or Other Side of Channel?

Scrap my Bulishness from last night. Looks like we could be setting up for the classic head and shoulder. If so, look to start selling around the 1975 area. And with so much selling pressure I wouldn't expect too much room for a stop loss. I'm a very R:R (Risk:Reward) focused trader, if you've been following me you can tell. Because if it does reach above the 1990 level, we're probably headed bullish again. If you look at the Channel from my previous ideas we've stopped at the top of that channel which ended up being around 1940 area. If we're not going head and shoulders, expect to follow the trend at the top of the previous massive channel that we were once in for most of the year. Now we may just be on the opposite side of that channel forming a new channel and it could look something like this.

Use the MACD and RSI for Clues along the way.

XAUUSD

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To all that may be reading this, I make analysis for my own fun. I'm not out to please you as a trader, I'm not here to convince you to trade like me. I literally just enjoy analyzing the market and journaling it for myself so I can look back on any mistakes and/or wins I have had so I can personally learn from them. I'm a novice trader, I just started in May of this year. If you can learn something from it, then that's cool too! There are some that have made comments that are trying to make me feel like I'm making a personal attack on them. I do this for my own fun. So there's my disclaimer for ya.

Anyway, UPDATE TO MYSELF: I'm leaning on Head and Shoulders. This is first time I've ever analyzed anything and called for a head and shoulders analysis. I usually don't see them but that is what I see in this one. I'll probably buy up to the shoulder, close the open trades. And sell back to the neck line and react to price after that. It's probably just a major correction that will continue to be bullish that is going to look like a head and shoulder first. Or 0ABC Correction and we're just on the 'A' of that correction. However you want to look at it. It's a correction but will continue bullish. That's my analysis. Thanks.

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I threw a "Future Fib" on it. The way it's matching up is kinda scary. 1997 for the new high. Kinda around my prediction for the Head and Shoulder. But to be honest. Gold needs some rest man. Gold has been going strong all year, it needs a bit of a break. I just don't know how long of a break it will take. We could see consolidation in this range for quite some time.

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Here's another "Future Fib" I kinda like this one better. Suggesting the 1977 area for the high before the sell off. I'm still very bullish. I just think we'll have one more big correction before heading north again.

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EDIT: Not necessarily a head and shoulders but definitely the 0ABC pullback and we're on our way to B which you could also take as the right shoulder. It's at the 1980 level or .236 fib level. Which could also be the underside of the trandline from the ATH it's Lower High just before the major drop. Anyway, update on the analysis here.

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Magneto directly to my B area or shoulder. Looks like it's going to push right through though. If you see it push through and retest, thats the perfect opportunity to go long.

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Divergence for the quick drop to trendline test and a boucenack?