XAUUSD Bearish for now!!! Possible Formation of H&S!!!

For now, I will be seeing gold heading to the 1640 support level. What we can possibly see is a retracement back to the resistance level testing the resistance level once again before we see another fall in price to the 1580 price level. Having said that, it will breakthrough 1640 support level which is what we should observe when we continue our short trade. As of now, I will be trading it towards the 1640 price level. Please note that trading gold do have potential risk so please take not of your risk management.

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