TipTVFinance

Gold – Flag and Pole pattern

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold’s rebound from the low of $1307 in Asia suggests the decline from the high of $1352 has ended and prices could test 50-DMA level of $1332.

On the lower side, only a day end close below flag support (marking a bearish break from the flag pattern ) would signal the decline from the high of $1352 has resumed and could yield a move to $1284 levels.
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