Clean Bearish Trend continuation Setup.

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Gold pushed up from the 2019 Open price, but momentum seems to turn down again. Price broke out of ascending pitchfork and by doing so, it formed a new descending pitchfork. Price had a nice rejection from the lower parallel of Ascending pitchfork and the .382 retracement of the recent decline. We also closed the week below the critical 2018 Open price, after a brief touch above. One could also recognize a potential H&S on the 4-Hour chart.

Possible Targets