Gold can show up a bearish move here on this flag following 1760
Market Instrument: XAUUSD
Timeframe: H4
Analysis: Technical
Structure: Key Level, Support, Bear Flag
Prediction: Bearish
GOLD has been moving under pressure for so long time while the price is moving inside this highlighted key level and support. At the moment price has created a bear flag after breaking out on the ABC pattern. If the price respects the following key level for one more time we will see another drop breaking these levels below. The following bearish target is expected to revisit the support formed close to 1765
Timeframe: H4
Analysis: Technical
Structure: Key Level, Support, Bear Flag
Prediction: Bearish
GOLD has been moving under pressure for so long time while the price is moving inside this highlighted key level and support. At the moment price has created a bear flag after breaking out on the ABC pattern. If the price respects the following key level for one more time we will see another drop breaking these levels below. The following bearish target is expected to revisit the support formed close to 1765