• Vasily Trader

GOLD (XAUUSD): Channel Breakout & Bearish Move (forecast)

Gold finally broke below a support line of a rising parallel channel on 4H.

The price also set a lower high. It is important bearish clue.

Taking into consideration that the market is heavily overbought,

chances are high that today/tomorrow we will see a pullback.

Closest strong support - 1875

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