XAUUSD Analysis

As you look on the chart and you see the Head & Shoulders pattern forming perfectly with the neckline already has been formed. We estimate the market will keep dropping down on the upcoming weeks reaching the level of 1,796$ per ounce.
We might have a little bit of correction while waiting the release for the Core CPI of the US market which cause a volatility in the closing day of the week.
Risk : Reward we have 2.4%
Technical Analysis for the coming weeks Short position