Good bit of downward pressure and confirmed breakthrough of head and shoulder's pattern neckline on hourly time frame. Should play out as a nice sell opportunity.
Gold provided a perfect retest of the previous trend formation, following its breakout move to the upside. Bullish run in effect.
Followed Fibonacci levels to a T.
Tapping upper resistance, looking like a nice short to follow on the daily timeframe to the 54.35 range.
Downward trend at resistance, good sell.
