Bearish Flag set up H4.
Friday closed at support, possible retracement back toward 14250.
If price rebounds to 14250 area, look for short position (resistance within body of flag)
Or
Look for short if break and retest of flag set up.
Target 13800.
Daily:
Downward rend line from March peak
Resistance area : 107-108.7
4H:
Double top @ c116.43
Entry:
Look for short after:
1. Retest of resistance area
AND
2. Rejection of projected daily trend line
or
Look for Short if false break out of both trendline and resistance area.
Gold trading a range for two weeks. Pull back from spike on Friday. Stop @ c.1530, where current resistance would act as support to maintain bullish trend.