Gold is creating an inverse head and shoulder pattern
For the past two years gold has been trading above the major rising trendline which was tested 4 times even with the most recent sell-off in gold price.
The metal is still trading above the major trendline therefore I can conclude that no damage so far has been done to long-term trendline which is a positive sign


If gold doesn't hold at present levels then it has to be re-evaluated and I will share a new Technical Analysis if such scenario happens

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