Gold Respects 38.2% Retracement During Pullback; Time for Bearish Continuation?

The 1H chart for XAU/USD or gold, shows a market that did follow through with the double bottom formation and has developed a corrective rally to 38.2% retracement of the decline from 1762.70 to 1560.29. This correction developed in the form of a rising channel, and has pushed the 1H RSI above 70... FF News: Technical

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