Get started
Haidi_striker

GOLD - Bearish Trend Continuity (Bearish Flag)

Short
Haidi_striker  
CURRENCYCOM:GOLD   None
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Gold was in bearish and then picked up some buying and going bullish but from Analysis, it will further go bearish with the marked projection. Bearish flag with no divergence shows the trend continuity.

Following can be the trading points:

Entry Sell Stop : 1942
Stop Loss : 1978
TP 1: 1905
TP 2 : 1892

Projection price : 1892
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.