GOLD (XAUUSD): Bearish Reversal at Trend Line
Gold has reached a key ascending trend line on the 4-hour chart.
After a strong bullish rally, the market seems overbought, and a head and shoulders pattern on the 1-hour chart indicates weakening buyer momentum in the short term.
A retracement to 2844 is expected.
After a strong bullish rally, the market seems overbought, and a head and shoulders pattern on the 1-hour chart indicates weakening buyer momentum in the short term.
A retracement to 2844 is expected.
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