FX:XAUUSD   Gold Spot / U.S. Dollar
We can observe price action. As long as it stays above the level of the previous bottom, it will continue its upside movement toward the upper band of the channel and it will create a head & shoulders in long-term. If it bounce to the downside, the price will change its direction to the down inside of the lower band.

Good luck!
LimitFX

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