@ZainabS37 on XAUUSD | PriceONN Community
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The price action on XAUUSD today is interesting. I'm seeing what looks like a potential inverse head and shoulders forming on the intraday charts, with the neckline around the 4550-4560 area. The left shoulder formed earlier, then a dip that seems like the head, and now we're building what could be the right shoulder. If it breaks decisively above that neckline with volume, it could signal a strong move higher. I'm also watching the 200 SMA around 4552; that could act as resistance if the pattern doesn't fully play out.