XAUUSD: We're closing all buys, pull back expected on overbought

Both targets are hit on Gold (see end of page for chart), turning the 4H time frame over extremely overbought (RSI =89.410, MACD = 16.990, ADX = 49.304) as the price is approaching the final Resistance, R1 (1,919). We are now out of every long position on XAUUSD and will buy again on the HH trend-line again at 1,870 and target R4 (TP = 1,960).


P.S. Last week's buy:


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