The Soon To Be Prophecy of XAUUSD-GOLD

21 Okt 2023

We can see a Tweezer Top was formed on the 30min chart which caused a slide to the downside. Therefore GOLD is forming a HEAD-AND-SHOULDERS. We need to get a close above the 50% FIB Extension for not that right shoulder to be created to continue back up. Because it seems like at that 50%(1985.89) has become a resistance level. If it keeps rejecting that 50% FIB level most likely the Head and Shoulders would be valid. Then we can see a potential down side to the bottom...Trade well traders and have a upcoming bless trading week.