XAUUSD: Head and Shoulders on 1D. Cautious Long Trade.

Gold is coming off the Fed meeting with a rebound on the 1,480 - 1,483.50 1D Support Zone. 4H remains neutral (RSI = 46.249, Highs/Lows = 0.000) and the reason is because it is still in range of 1,483.50 - 1,510, which is practically rhe Right Shoulder of the 1D Head and Shoulders pattern (also neutral on RSI = 48.857).

Since the 1D Support was respected for the 3rd time in 9 days, we are again on a cautious long aiming at 1,510. Risk seekers can make an extension to 1,528 but should consider adjusting the SL as the price rises.






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