Elemont

GOLD FORECAST

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently trading within a bearish flag pattern which may potentially end after the 3rd leg.
Thus, we have a potential trade here from 2 to 3, and then the main trade which is from 3 down to the Daily trend.
Afterwards there may be an even greater potential flag pattern form before a massive breakout lower.

Related Ideas

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.