XAUUSD: Head And Shoulders Pattern

On the Daily chart, XAUUSD navigates within a head-and-shoulders pattern and rebounds from a crucial 2290 support zone. Further scenarios unfold:

• If the price fails to surpass the support zone, it will likely lead to a rise toward the 2360 level;
• However, breaching below the 2290 will indicate a decline to 2190 support.