ElemontFX
Short

GOLD FORECAST

FX:XAUUSD   Gold/U.S. Dollar
Gold             is still ranging in a predictable pattern looking to continue on it's 4th leg in a flag pattern .
There is also a second flag pattern (yellow) within this major flag pattern which we believe may break as price tries to continue its 4th leg.
If the yellow channel breaks price should retest the bottom of the major flag pattern
If it does not break, we expect a bounce back up towards the top of the major flag pattern and possibly a breakout futher long.
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