we can see market has broken its trendline and you can a retest near TL and support. so we are expecting a bullish market
market is near support and lower trendline. Here were are looking for divergnece also so we may expect a bullish wave.
we are looking for a long term breaish move after the breakout of neckline.
we are watching gold at support now we will be wiating for bullish divergence near support to go back to resistence.
there is a head and shoulder pattern in USDCAD h1 market is strugling near its trendline and support.
In this scencario we couldnt forget H&S pattern reason for bearish movement.
The previous chart is attached also.
Its a totally technical view of Gold spot. Here we can see a clear bullish flag to reverse market from the current support since17 june.
there is avearish view according to the suppport and resistece and trendline. So we will be short in gold from the resistence.