Yesterday, I spotted a bearish flag on the Gold market. However, due to some issues, I wasn't able to post it. However, I thought to update everyone now.
The bearish flag pattern follows a pole (the downward trendline) and is a certain sign to show a continual downward trend. As it turns out, the same happened here. I marked the candle with a blue arrow to show just how it happened.
We are still on route to touch 1720s or even lower if all goes well. However, if you have missed out your entries, wait till we hit 1720 level to see how the market reacts.
The bearish flag pattern follows a pole (the downward trendline) and is a certain sign to show a continual downward trend. As it turns out, the same happened here. I marked the candle with a blue arrow to show just how it happened.
We are still on route to touch 1720s or even lower if all goes well. However, if you have missed out your entries, wait till we hit 1720 level to see how the market reacts.