Gold dipped to support zone at 1267-1270 but was unable to break down. Price recovered to daily-weekly support at 1275-1276. An inverse head & shoulders pattern can be spotted on the 1-hour chart. Now price is testing neckline resistance. If price has a breakout over neckline, price will head to resistance zone at 1284-1286.
Price breaks out. Waiting for price to re-test neckline then buy.
Trade closed: target reached:
Hit our take profit level