therisingosprey

Gold sell setup

Short
therisingosprey Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold might be going down until it reaches the trend line. But be careful because the price is likely to push up once more. Another flag could mean another sell setup.
Comment:
The structure did not come as expected. But now there might be a long setup, formed by the flag on the quick up move. Another up move could mean that the price goes up at least until the last major resistance level at 1243.5 - 1244.5
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.