Gold looking bearish!

Gold has formed a textbook bear flag and it is just a matter of time before this formation confirms. A number of bearish confluences coming into play here, I got short again today after riding gold down from its recent highs. I will add on the retest of the top of the flag channel.

My targets for this trade is a measured move of the length of the flag pole. A measured move would take us to the next key support. From there I will exit most of the trade (if not all) and possibly go long based on the TA at that time.

Happy trading!