Gold: Pending Reversed H&S Pattern & Bullish Divergence
Price is forming a reversed H&S pattern at a support level (the sliding parallel of the descending channel). Meanwhile RSI is showing a bullish divergence in addition to an oversold state. In this pattern I will personally buy at the level of the left shoulder with stoploss below the head of the pattern ($1252) and aiming at previous structure at around $1262.
