FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The price has been ranging for a while, forming a rising wedge (support trendline recently broken). A retest of this trendline (to turn into resistance) and resistance zone will complete the Head & Shoulders which will confirm the sell bias and trigger an entry. A violation of the resistance zone will invalidate this entry and a violation of the zone resisting the Head will confirm buy bias upon its retest. Take what the market offers and never enforce your ideas on it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.