XAUUSD, H4
On the H4, XAUUSD reached a critical resistance area in a short-term bullish trend, rising above MA100. Despite the powerful bullish sentiment, the %R indicates that Gold is overbought.
- If the bulls push the price above 2330, it will open the way for an upside to 2365 resistance;
- However, if XAUUSD bounces off the resistance, the price will fall back to 2310;
