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Gold Spot / U.S. Dollar
Short

Gold - bearish flag pattern and potential bearish continuation

By VasilyTrader
Updated
snapshot

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!
Note
The market closed inside the rising channel
Note
and we finally see a breakout!
Note
almost hit the target
Chart PatternsCommoditiesGoldgoldsignalsgoldtradingTechnical IndicatorsMetalssignalsTrend AnalysisXAUUSD
VasilyTrader
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