Currently gold is in a flag pattern its going to break it below. its next target is previous trendline. after breaking the flag pattern it will retest the flag pattern. it can make triangle pattern after breakout which shows big downtrend. Best time to trade is after breakout.
Gold is forming a flag since yesterday in the hourly time frame. The flag is close to a strong Supply zone so it could jump up to the zone or fall down as long as it breaks the flag pattern. I would wait for a strong candle signal to hit an order.
