Neutral probabilities Gold seems to be forming the right shoulder of and inverse head and shoulders pattern (IH&S) which would thus translate to a push upwards to 3391.355 to complete the pattern.
Equally there is a bullish channel with a clear M at the top where the bearish movement began.
There is a consolidation without a clear indication of whether its a continuous bearish pattern that will drop all the way to 3249.416 or it form a W formation.
Only time will tell.
