head & Shoulder pattern

2 Tem

As we can see that gold is approaching to break the 2320 support cluster zone however, gold is on head and shoulder pattern ,if price action crack 2320 support zone then gold started the bearish cycle and we are confident on bearish cycle. Moreover, the Commitment of traders data also shows the bearish cycle. on the other hand if the price action again rejected from 2320 the the and approached to break the 2333-2336 Resistance ,Next target will be 2360.
2320 support is important for sellers .
2333 resistance for Buyers.