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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.