LikwidWealth
Long

XAUUSD Inverse Head and Shoulders

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has been in a down trend of late and is beginning to show signs of a possible bullish reversal, first confirmation we have is the current price trading on a trendline support, which is also the support structure for the symmetrical triangle our second confirmation is the inverse head and shoulder with the second shoulder yet to complete. please note we are looking for bullish movement 1290.56 and bearish below 1275.56. Bullsih engulfing candle sticks can be used as entry with stops below 1275.56.

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