@angelajones64 on XAUUSD | PriceONN Community

Is anyone else seeing a potential inverse head and shoulders forming on the H4 chart for gold? The neckline seems to be around 5185-5190, which lines up pretty well with R1 pivot point. If we get a solid break above that, I think we could see a run up to 5215 or even higher. Of course, the dollar strength is still a big factor, especially with the inflation data coming up soon. I'm also keeping an eye on the 200 SMA. What do you guys think?