Gold - bearish flag pattern and potential bearish continuation

٢٢ مارس ٢٠١٩

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!

٢٣ مارس ٢٠١٩

ملاحظة

The market closed inside the rising channel

٢٨ مارس ٢٠١٩

ملاحظة

and we finally see a breakout!

٢٨ مارس ٢٠١٩

ملاحظة

almost hit the target