GOLD (XAUUSD): Bearish Reversal at Trend Line
Gold has reached a key daily resistance level at a rising trend line.
After a strong bullish rally, the market seems overbought, and the formation of a cup and handle pattern on the 1-hour chart suggests weakening buyer momentum in the near term.
I anticipate a pullback to 2880.
After a strong bullish rally, the market seems overbought, and the formation of a cup and handle pattern on the 1-hour chart suggests weakening buyer momentum in the near term.
I anticipate a pullback to 2880.
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