titi
Short

Golden 3 Steps dance

FX:XAUUSD   Gold Spot / U.S. Dollar
131 2 0
In its way down unfolding a H&S announced hier 3 weeks ago , Gold             is likely to go in an expected 3 drive pattern before reaching its final TG.

2nd update: expect pullback as announced previously between 1295 - 1300, 1307 max. If descending TL broken to the upside, then bearish bias endangered. But rather low probability given the structure of the Ichimoku.
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Update: watch the level 1260 as it is the end of the 3 and last leg of the 3 drives pattern. The neckline of the H&S is broken but expect some pullback after 1260 is reached. the way is still long till 1140-50. Rocky road ahead.
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