GOLD (XAUUSD): Channel Breakout & Bearish Move 🥇

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

parallelchannel trendanalysis waveanalysis futures gold xauusd silver xagusd

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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AUDUSD: Breakout & Bearish Continuation 🇦🇺🇺🇸

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