XAUUSD(Gold) Potential Short, long term
First what i did was a top down analysis from higher time frames to lower time frames such as Monthly, Weekly, Daily, and etc. Then what stood out to me is that on daily, Gold has made a new Lower Low and could end up forming a head&shoulders. As of now, currently waiting on price to go up more around 1525 to see if it'll form that right shoulder.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.