GOLD:SHORT From Bearish FLAG Strong Downtrend SELL

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold

trendanalysis chartpattern indicator xauusd gold

The Gold after the massive drop of yesterday, following our previous forecast... ( links below ) today is trying to recover with a weak retracement, a take a breath. The pattern looks like a Bearish Flag. The RSI is still bearish like the Ichimoku Forecast and the price is under all the major moving averages. We are Looking for a new Bearish Impulse.

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Trade closed: target reached:

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