Make wise investment decisions by taking note of the Gold Market's uptrend market completion before its significant market direction rallies down.
Flag Condition The flagpole - the asset’s price must trade higher in a series of the higher highs and higher lows; Flag - a consolidation must take place between two parallel trend lines; A breakout - the consolidation can’t take forever. A breakout to the upside activates the pattern, while a break of the supporting line invalidates the formation.
30 minutes trend line confirmation will be our signal for us to start selling. Stay alert for candlestick formation.
Lower Time frame show a high bearish momentum which will signal a sell for a short time, level to place buy orders @ 1730.00 Bulls will entering the market. Apply proper Risk Management
Gold has reached critical resistance, which means we'll see a confirmation by the end of this week of how strong the selling pressure is.
Remember we still in a lock down period in Italy and US it seem not begin affected by the rise of the corona virus.