XAU/USD, “Gold vs US Dollar”

Gold quotes and the RSI on H4 are in the overbought areas. Iт these circumstances, a downward breakout of 8/8 (1937.5 is expected, followed by a decline to the support at 6/8 (1906.25). The scenario can be cancelled by rising above +1/8 (1953.12). In this case, the quotes might reach the resistance at +2/8 (1968.75).

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