is currently forming what appears to be a bear flag
formation on the daily. My other TradingView post on Gold
was high-lighting a potential broadening top formation, but that has since been invalidated. On the daily chart
, we can see there has been several attempts by Gold
to push higher, but each attempt has been sold down resulting in some rather ugly daily wicks just under the 20 day moving average in Pink. I am now seeing a bear flag
forming with a measured move to the 1430-1440 prior resistance zone
which should now act as new support.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
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