Gold 4H chart:
We can see a triple top, but also a channel where price level just touched the upper level.
And Overbought signal on the RSI.
With the candle at this moment, we can see the struggle between bulls and bears. (Who will win this time?)
What I expect is a bearish movement again. This time towards the monthly pivot of August at 1248.5
Lets hope all together that this can happen. ;))
We can see a triple top, but also a channel where price level just touched the upper level.
And Overbought signal on the RSI.
With the candle at this moment, we can see the struggle between bulls and bears. (Who will win this time?)
What I expect is a bearish movement again. This time towards the monthly pivot of August at 1248.5
Lets hope all together that this can happen. ;))