After a long battle between Bulls & Bears price being trapped in a channel gold might look to break the resistance above,We have a nice rejection on the weekly chart and a inverse H&S pattern so bulls will surely look to take over the market
After rejecting the 81.00 zone it might be heading down to 76.00 support zone,After collecting some liquidity it might revisit the 79.00 zone and shoot further down creating a beautiful H&S pattern
After a 2nd bounce on the trendline Price hit resistance on 35190.18 and might retrace back to the nearest support on 34960.18 and continue with the up trend, Perfect spot for re-entries
