We couldn't tag 1390-1400$ - the target price counted from the pattern - that is also pulling the price as a magnet...
Though we printed a daily swing today usually the first swing is a false swing and price still has work to do above the last daily high.
So I think that we are going to rally back to 1363. 1363$ is the neckline of the (blue line) and also there is the upper of the flag.
When we tag 1363$ gold has to make a decision to break up from the flag and pop up to 1390$ or continue this decline to the daily cycle low.
My bets are on scenario 1.
All who is long now have to make his own decision to close at 1263$ or wait for the breakout up to 1290$.
Gold never tops on the simply way.
Get ready. Decision time...
A lot of people bet the farm on this short.
I'm thinking to put a small buy order a bit above the flag.
And a sell order below the flag.
To be in a position now is a coin toss.
THE REPORT WILL BE GOOD. GOLD WILL FALL