Long

XAUUSD Inverse Head and Shoulders. Buy Signal.

Pattern: Inverse Head and Shoulders on 4H.

Signal: Buy as the pattern alone is a bullish reversal formation, while the 4H MA50 (blue trend-line) is holding as Support.

Target: The 4H MA200 (short-term) and the 1834.50 Resistance (long-term) as the technical target on Inverse Head and Shoulders is the same length as the Head from the Resistance.

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