It looks like a bearish flag on gold.

PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
This week's gold price is still moving in a narrow range and looks like a flag pattern. And if the prices break the trend line pattern, there is a target that could reach the price of 1828. The current price is acceptable in a bearish trade. It's not too risky. And may take profit when the price hits the lower band.

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.