Inverse Head and Shoulder, GOLD, XAU.
The bottom of the right shoulder is on a key support level marked by the Fibonacci fans and the 50 day SMA (former Resistance). A small rebound from here is not unlikely seeing the bullish Harami candle pattern (candles of 16/9 and 17/9 ). All of this indicates a short term up movement on gold.
Eventually, if this move materialize this will mean that the inverse head and shoulders pattern will be completed, taking gold to a key level, 1500$.
Eventually, if this move materialize this will mean that the inverse head and shoulders pattern will be completed, taking gold to a key level, 1500$.