Money_hunters

Bears or Bulls? Which will win?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello
I hope you have used the previous analyzes correctly and benefited.
The price dropped from the 1810 range that we mentioned in the previous analysis and is now stuck between the 0.38 and 0.5 Fibonacci levels. And in this area it has formed a flag and a beautiful head and shoulders.
Now we have two scenarios. If the flag is broken from above, we can expect 1882.
But if it is broken from the bottom, we can see 1758.
I think it is more likely to break from the bottom due to the formation of Head and Shoulders, but let's wait and see what will happen.
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