GOLD (XAUUSD): Bearish Reversal From Trend Line
Gold has reached a significant daily resistance rising trend line.
Following a strong bullish movement, the market appears to be overbought, and the formation of a cup and handle pattern on the 1-hour chart indicates a weakening in buyer interest in the near future.
I predict a pullback to 2880.
Following a strong bullish movement, the market appears to be overbought, and the formation of a cup and handle pattern on the 1-hour chart indicates a weakening in buyer interest in the near future.
I predict a pullback to 2880.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.