@capitalmanagementservice: This is my analysis on XAUUSD on the 1 hour timeframe We can see how price was previously trading within bearish market structure forming lower lows followed by lower highs. Until recently where a strong bullish impulse move has broken this market structure forming a new higher high within the market Looking at chart patterns I am anticipating an inverse head and shoulders pattern to form which is a bullish reversal pattern within the market. The right shoulder also lines up with the 50% Fibonacci retracement level ~ NB ~ This is not a trading signal or financial advice. Trading carries risk. Want to know what services I provide? Click the link in my bio! #XAUUSD #GoldTrading #PriceAction #ForexTrading #Trading