After experiencing a strong uptrend, ⚠️Gold appears to be overbought.
By analyzing the 4H chart, we can see a complete head and shoulders pattern.
A bearish trend will be confirmed if the price breaks below the horizontal neckline.
If a 4-hour candle closes below 3022, we can anticipate a significant pullback to around 3000.
By analyzing the 4H chart, we can see a complete head and shoulders pattern.
A bearish trend will be confirmed if the price breaks below the horizontal neckline.
If a 4-hour candle closes below 3022, we can anticipate a significant pullback to around 3000.
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Join our Telegram channel for daily market update 👇👇
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.