What Goes Up Must Come Down – Gold on the Edge?

After a parabolic run to new highs, gold is flashing signs of exhaustion.

📌 Price is hugging the upper Bollinger Band on the daily chart.
📌 RSI is in overbought territory (currently around 68.2) — similar to previous local tops.
📌 We're forming a steep, almost unsustainable channel — historically, these tend to break hard when they do.

If we see a break below $3,086 and lose that trendline, eyes shift to:
🔻 $2,932 — key support
🔻 $2,787 — prior breakout retest
🔻 $2,532 — long-term trendline support

Still bullish long-term, but short-term? A pullback might be healthy.

🛑 Risk Disclaimer
This is not financial advice. Trade responsibly and use proper risk management.