Gold - bearish flag pattern and potential bearish continuation
Updated
hey guys,
XAUUSD is approaching a decent resistance area,
instant rejection of this zone with clear RSI divergence gives and indication of weakening bullish momentum.
if we see a bearish breakout of a rising channel,
with high probability the market will retest the low and continue even lower.
next level of support on focus will be 1260.
good luck!
Comment
The market closed inside the rising channelComment
and we finally see a breakout!Comment
almost hit the target
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