chartwatchers

Gold Bear Flag

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
24
Gold is in a bear flag today.
I have a feeling that we will be attacking 1209.35 today or Monday.

Gold had started the 4th daily cycle few days ago. These are usually topping on the 7th-9th day (1260)
and it should start into its daily cycle low which will be the intermediate cycle low .

Comment:
Still in the flag.
A BIG breakdown is coming soon.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.