GOLD (XAUUSD): Channel Breakout & Bearish Move 🥇
Updated
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
❤️Please, support this idea with a like and comment!❤️
⬇️Subscribe to my social networks!⬇️
Note
Check my new idea on AUDUSD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
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.