After making a new higher high structure, gold is currently moving to a retest of the triangle pattern breakout , confluence with the fib level and key level SNR. Expected to become the new higher low for another move to the upside.
After a clear rejection on the bearish trendline for a new lower high, it is now making the pullback towards key fibonacci level, targetted at the extension level confluence with the key level for an inverted HNS pattern. With double bottom in mind, it is expected to break the bearish structure to validate the inverted HNS pattern.
