According to the chart of H1, GOLD formed the Head and Shoulders pattern. The Head’s top is set at 4629.71 while the median line of the Neck is found at 4577.93/4575.08. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GOLD will go towards 4574.68.