Gold - bearish flag pattern and potential bearish continuation

22 thg 3, 2019

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!

23 thg 3, 2019

Ghi chú

The market closed inside the rising channel

28 thg 3, 2019

Ghi chú

and we finally see a breakout!

28 thg 3, 2019

Ghi chú

almost hit the target