two possible scenarios about Gold

287
XAUUSD

after different economic reports on Friday (Oct 8) , some fluctuations happened in the market .
if price of Gold reaches to 1746 and then reverse to higher points , a head and shoulders pattern may be created and lead the price to 1784 which is a very key zone .
and if the price breaks this zone to up , the next resistance level is 1830
So our first scenario is :
Price goes down to 1784 and reverse and create a head and shoulders pattern and finally goes higher .
and the second scenario is :
Price keeps going down after breaking the support level of 1747 and goes down to 1723.

so what's your idea guys ?
what gonna happen to gold when the markets open on Monday and generally this week ??

Penafian

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