COULD GOLD SELL?
XAUUSD What's going on? Through the strong move on Gold to create higher highs we have a few bearish sign. We have bearish divergence being formed showing possible signs of fatigue in the market. On the 4 hr time frame we have a potential double top being formed showing us the early stages of a reversal.
On the other hand, if Gold manages to create a structural level of support above the highs the we're recently broken, we'll see new highs being formed on Gold.
What do you see? Which side will you choose?
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