Trade_Point

Gold Bearish Outlook

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This pair is currently within a bear flag pattern. After completing wave E, we may now see price is forming a smaller inner bear flag pattern which is also looking to retest the 61.80% Fibonacci retracement level. Expecting price shows bearish momentum after a breakout from the smaller bear flag continuation pattern.

Comments

nice chart! thanks dude! it's my chart
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Great call! Thumbsup
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