After a test of 3000 psychological level, Gold looks overbought.
Analysing a 4H time frame, we can spot a completed head & shoulders pattern.
A bearish movement will be confirmed with a breakout of its horizontal neckline.
If a 4H candle closes below 2978, we can expect a retracement much lower
at least to 2955.
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✅Join My Telegram Channel: t.me/VasilyTrading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.