Long

GOLD (XAUUSD) Be Prepared For Reversal! Here is Why: 🥇

Updated

Gold keeps growing since the end of March.
+10% net growth so far.

The market looks overbought and quite soon we may see a retracement leg.

To catch that stay focused on 1855 - 1875 structure resistance cluster.
It is a very important historical zone.

To short it wisely, follow a rising parallel channel.
Wait for its support breakout as a confirmation.
Then short with a goal 1800.

In case of a bullish breakout of the underlined zone though,
bullish continuation will be expected.
Next goal will be 1950.

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