GOLD; king's crown

Updated
I have .618 of recent drop clocked, classic head & shoulders pattern on gold daily, breakout of channel retest, RSI divergence and looks like daily gonna close red today. Once this black channel breaks on the lower TF, I expect gold to sell off pretty nasty.

Short on bounces will SL abv 1265.

Don't forget we have GDP data in tmr.

GL, j.
Note
snapshot

Bear flag breakdown
GoldWave AnalysisXAUUSD

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