GOLD Formed Bearish Head and Shoulders Pattern

🚨 GOLD Formed Bearish Head and Shoulders Pattern 🚨

GOLD has formed a bearish head and shoulders pattern and appears to be making a pullback to the neckline before a potential drop. However, if the price breaks out above the right shoulder, the bearish pattern could be invalidated.

📈 Technical Overview:

Pattern: Bearish Head and Shoulders
Neckline: Current pullback area.

Bearish Confirmation: A drop below the neckline could confirm the bearish move.
Invalidation: If the price breaks out above the right shoulder, the bearish pattern may be invalidated.