GOLD (XAUUSD): Bearish Reversal From Trend Line
Gold reached a significant rising trend line on the 4-hour chart.
Following a strong bullish movement, the market appears to be overbought, and the formation of a head and shoulders pattern on the 1-hour chart suggests weakness from buyers in the short term.
I anticipate a retracement to 2844
Following a strong bullish movement, the market appears to be overbought, and the formation of a head and shoulders pattern on the 1-hour chart suggests weakness from buyers in the short term.
I anticipate a retracement to 2844
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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.