GOLD Technical Analysis

GOLD has hit the essential support
The price needs further bullish momentum
Possible retest of 1785 zone
Inverted Head and Shoulders pattern

DAILY CHART GOLD

The left shoulder
The head
The right shoulder
Price breaking last day's close

The price is currently bouncing from the zone. We should be seeing M LO3 hit which is 1775. However, if bullish momentum persists before the FED this week we might be seeing even stronger move up. However, from the TA point of view, we are in the buying zone. We might have a bit of momentum push before the price moves up, however if 1740 holds we should go higher. Watch for The first resistance if the price breaks M L3 camarilla pivot to the upside.