GOLD (XAUUSD): Overbought Market?!
📉 Gold shows multiple bearish clues.
The price formed a dynamic head and shoulders pattern and a rising expanding wedge pattern on a intraday chart,
and broke a neckline and a trend line of both patterns.
On an 2h time frame, I see a strong rising trend line with a confirmed violation of the line
Looks like the market is overbought.
We may expect a correction to 2643
The price formed a dynamic head and shoulders pattern and a rising expanding wedge pattern on a intraday chart,
and broke a neckline and a trend line of both patterns.
On an 2h time frame, I see a strong rising trend line with a confirmed violation of the line
Looks like the market is overbought.
We may expect a correction to 2643
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