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GOLD - Bear flag is breaking down

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
chartwatchers Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
26
13
Finally it seems that the bear flag is breaking down in gold's hourly chart.
MACD crossed over.
The 1210 Zone will be tested again probably.
Comment:
MARUBOZU candlestick in the breakdown.
Comment:
... and hourly minimum
Comment:
I would like to warn those who were using the RSI strategy in gold. It was working nicely till now. If gold breaks down and prints a strong and fast drawdown the RSI strategy will make loss. I would wait while it breaks below 1200 and start to use the RSI strategy from 1170-1180 $ from the oversold levels with a long.
Comment:
Comment:
We are back in the flag again...
This bull is not giving up easily.
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