Gold appears to be overvalued in my opinion. On the 4-hour time frame, the market has shown a rising wedge pattern and a double top pattern within that.
Both the neckline of the double top and the support line of the wedge have been breached.
This indicates to me that a corrective movement may be on the horizon for the pair. My targets are set at 2263 / 2240
Both the neckline of the double top and the support line of the wedge have been breached.
This indicates to me that a corrective movement may be on the horizon for the pair. My targets are set at 2263 / 2240
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