Tradepipsforex

Potential head and shoulders on big picture of gold

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
If this new week gold able to bounce to 1550 level and facing a valid resistance at this area, we will see big short coming soon! Last weekly candle was closed above 1490 area, the support line is not truly broken but the bears aren’t cleared yet. A temporary bounce shall occur.
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