CFD Oro (US$/OZ)
Short

GOLD (XAUUSD): Bullish Continuation Confirmed?!

1214
Following a recent downturn, gold has retraced to a significant structure that was recently breached.

I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern.

These breakouts suggest a strong likelihood of a continued bearish trend.

It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.

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