Gold (XAUUSD) Ready to Pull Back?

From dailypriceaction.com

Gold (XAUUSD) is starting to look top-heavy. In fact, it’s looked that way for some time, in my opinion. I wrote about this ascending channel on September 10. More specifically, I mentioned that a close below the confluence of support at 1480 would put the rally at risk. We never did get that breakdown, though. But then again, buyers have struggled to gain ground above 1500. Watch Sunday’s video to see why. Fast forward a few days later, and gold is at risk of closing below channel support although horizontal support at 1480 is still intact. Still, this could be the start of a much-needed pullback for XAUUSD. ... (full story)