NikaJourney

Gold Flag Has Just About Run Its Course

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold's flag is almost complete touching the previous lower low before coming down to bottom of the wedge and trying again to retest it's last highest point. But the bearish engulfing candle and doji before it is signaling we're getting ready to continue the downtrend.

BEAR TPS:
  • 1311.11
  • 1304.17
  • 1298.86

Because you are NOT suppose to marry a direction when trading, here are the other TPs:

BULL TPS:

  • 1316.82
  • 1323.53

Will update this week as price moves along.
Comment:
BULL TP 1 1316.82 HIT
Comment:
BULL TP2 HIT
Currently seeing how far down price will go
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