Gold has ranged above the low of 1283 for the past 4 trading days.
And last night, there was an attempt to break below the range which it did so base on the smaller timeframe from H4 onwards.
The price made a strong pullback but it still failed to stand above the range or make a higher high.
Thus in this case and with the head n shoulder formation, the price, today, is most likely to plunge.
This daily forecast is also inlined with my weekly forecast.
And last night, there was an attempt to break below the range which it did so base on the smaller timeframe from H4 onwards.
The price made a strong pullback but it still failed to stand above the range or make a higher high.
Thus in this case and with the head n shoulder formation, the price, today, is most likely to plunge.
This daily forecast is also inlined with my weekly forecast.
