MujkanovicFX

Gold Daily Update: Is the bull run overstretched?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold formed a double top pattern on the daily chart as the price didn't manage to break above the $1,439 high in this week's attempt.

The RSI is forming a slight bearish divergence, which combined with a pinbar (tweezers) candlestick pattern may send the price lower.

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