GOLD (XAUUSD): Bearish Scenario For Next Week

FX:XAUUSD   Gold Spot / U.S. Dollar

hey guys,

gold just reached a strong falling trend line .
for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move.

I will pay attention to a support line of a bullish flag pattern.
in case of a daily candle close below its support, bearish continuation will be highly probable.

goal for sellers will be 1860 (current daily low)

in case of a bullish continuation above the falling trend line , setup will be invalid.


Yh I defintely agree plus on the 2 hr time frame we can see that a head and shoulders pattern is forming that is riding the lower trend line indicating weakness. ( I'm a 16 year old trader I would love it if you commented on my latest post on XAGUSD, I think I have a good setup on it )
@mahad12334, thank you for comment buddy!!!
do you agree with my analysis?
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