FX:XAUUSD   Gold Spot / U.S. Dollar
There is a possibility that the FED will come out and raise rates Tomorrow during the emergency meeting. With the bear flag currently forming, I would say it's highly probable that they WILL raise rates on Monday during emergency meeting... This is not to say I am bearish on gold. I am extremely bullish on gold long term. But in short term I am bearish. If you want value it might make sense to wait and see if the bear flag plays out.
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.