Sangam-Agarwal

inverted head and shoulders pattern ?

FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
gold price are again sideway between 1980 and 1930 level

technically it has made inverted head and shoulders pattern
but market moves on fundamentals so it waiting for ISM PMI today than NFP tomorrow

1930 support and 1980 resistance
above two news will decide where price will go next

if support 1930 breaks than gold is dead
if holds than welcome to stagflation

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.