Gold Forecast

Currently price is at H4 resistant that act as the neck line of the previous H&S.There is higher chances the pullback would play out and retest the major trendline (uptrend).Bull has shown weaking in the lower time frame.There is lower chances for the price to retest the downtrend trendline given that NFP is negative.It could forming inverted H&S as drawn in the chart and continue rally.