Gold is highly overbought on its 1D technical outlook (RSI = 75.258, MACD = 52.020, ADX = 63.587) and today is having its first strongly bearish 4H candle. This is because the price hit the top of March's Channel Up and got rejected. The HH should now give way to a bearish wave for a HL on the 4H MA50. This is a validated sell opportunity to go for yet another -1.80% decline and target the bottom of the pattern (TP = 3,093).
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