gold ranging in flag pattern
As what we saw gold failed to break current resistance of 2926-2927.
On the other hand is that what I saw in a daily and H4. gold is forming a flag pattern characteristic. there are high possibility that gold will make a strong drop to the lower trendline of the flag retesting the 2835 support again and making the fair value gap as wel as respecting the bearish engulfing candle last week.
so my bias is gold bearish for today 7th march.
however if gold manage to break the currewnt resistance. hence the next destination is going to be ATH.
On the other hand is that what I saw in a daily and H4. gold is forming a flag pattern characteristic. there are high possibility that gold will make a strong drop to the lower trendline of the flag retesting the 2835 support again and making the fair value gap as wel as respecting the bearish engulfing candle last week.
so my bias is gold bearish for today 7th march.
however if gold manage to break the currewnt resistance. hence the next destination is going to be ATH.
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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.