Outlook for gold based on my analysis.
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I see a H&S formation with the left and right shoulder nicely failing to break 50% fib on the weekly.
Currently gold is sandwiched between the 50% and 61.8% fib on the 4h, close to its trend line which correlates with the 61.8% fib.
I hope to see a nice breakout to the downside breaking the neckline of the H&S formation...
