Hello, Traders!
GOLD is trading in a bear flag pattern
Below local resistance level
I think bullion might trade inside the flag for a while
Before hitting the resistance and breaking the flag down
After that, gold price will fall to retest the support
The short has two targets, that you can see on the chart
After retesting the support,gold is likely to go Up again
But this is yet to be determined based on the priceaction
Local Short!
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Note
Target 1 reached!Note
Target 2 reached!
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✅Join My FREE Telegram Channel:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.