GOLD - A Clean Break! $$$

OANDA:XAUUSD   Gold Spot / U.S. Dollar
In our last analysis we were looking for a break or bounce scenario. Price initially bounced off the trendline but then fully collapsed!

There were a few opportunities to get into this trade. We got in on the break of the first bear flag . Price went on to make a further 2 bear flags on its way down. Keep on looking for bear flags to take this lower.

Just be wary that we are approaching a long term ascending trendline at the 1700 level.

See chart update for lower timeframe.

Goodluck and trade safe!
Comment: Bear Flags
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@AlkalineFX, Value?