fernandoc17

Gold its not in a bullish flag!

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold changed trend since it topped in August, every weekly candle upside we have makes a lower top than previous ones, this is perfect example of change of a trend, meanwhile every upside move is rejected with bigger downside
DXY also still making a lower high since 2018, we will have a last upside move from dxy before it truly dies, target 110-120 , which will make gold fall to 1200 usd lower

Also retail traders keep buying every dip on gold, just a matter of time before a bigger drop now

Sell every spike up with low lots, hold till target 1200, you wont regret :)

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