Gold - bearish flag pattern and potential bearish continuation

22 mar 2019

hey guys,

XAUUSD is approaching a decent resistance area,
instant rejection of this zone with clear RSI divergence gives and indication of weakening bullish momentum.

if we see a bearish breakout of a rising channel,
with high probability the market will retest the low and continue even lower.

next level of support on focus will be 1260.

good luck!

23 mar 2019

Nota

The market closed inside the rising channel

28 mar 2019

Nota

and we finally see a breakout!

28 mar 2019

Nota

almost hit the target