Gold - Second Bearish Flag Pattern?
From the looks of it, if you were to switch to the 1 hour timeframe, you can clearly spot what appears to be a second bearish flag pattern. For anyone who is not familiar with this, it is a pattern that provides a clear indication to traders that the trend will continue to be bearish. However, please note that in order for this to work, it needs to have a flag pole. From the last breakout from the previous bearish flag till the entry, whatever the length may be, you can expect that to be the range for another breakout.
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