GOLD | HEAD & SHOULDERS FORMATION | LONG-TERM

* Keep in mind this is just an idea, trade at your OWN risk! *

1 ) As you can see, this market seems to be giving us a H&S formation. Price is currently at what may be the "Right Shoulder."
2 ) You may also see two boxes marked "50% Fib Retracement" and "61.8% Fib Retracement." This is where I anticipate for Gold to rise and where it may start giving us indications for shorting opportunities. Those are the areas where my Risk Takers would enter to short the market.
3 ) Now, to avoid any unnecessary risks, wait for price to close & re-test below the "Neckline." Then you may enter.
4 ) Do not forget this is in the 4H frame. IF this goes as expected, for this to conclude may take several days. So PLEASE PATIENT.

Good luck guys!
Chart PatternsGoldlongtermshortTrend Analysis

Penafian