GOLD (XAUUSD) Overbought Market & Pullback 🥇

Short

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

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Candlestick Analysis Double Top or Bottom Technical Indicators Gold goldsignals goldtrader goldsignal XAUUSD goldanalysis goldtradingstrategy Contains image

candlestick doubletoporbottom indicator gold goldsignals goldtrader goldsignal xauusd goldanalysis goldtradingstrategy containsimage

snapshot

As I predicted, Gold bounced earlier this week.

Analyzing the price action now, we can see that the market became quite overbought:
the price formed a double top pattern with a lower high and violated its neckline.

We may anticipate a correctional movement now.
Goals: 2031 / 2024

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Comment:

The market is still standing around the entry!

Comment:

Target one reached!

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