FXEmpire.com - Gold traded in a narrow range on Wednesday with a high of 2,335 and a low of 2,324. ... The top of the pattern at 2,342 is marked by resistance of the 50-Day MA ...

The left shoulder forms with the low in 2013. After a rally that fails to take out the previous high, gold moves to a lower low in late 2015 -- that's the head in this inverted pattern.