#XAUUSD: Mid Term Forecast: 18.05.2021

#XAUUSD formed a classical Spinning Top, is overbought, and is at an inflection point. If it closes below 1863.40 tomorrow, it would confirm a top. If it closes below the daily 200 MA (approximately 1842)- a major top.

In case of a major top, I would not be surprised to see it back to 1700 or even lower, to 1570.

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