Gold flag has been changed but it is still a bullish flag
gold is in an uncertain situation .
it is in a descending channel that i think this channel is a bullish flag that is crystal clear in weekly time frame.
here, where I have placed a circle, we see a coincidence of 3 important key values. EMA200(of daily time-frame) EMA50(of weekly time-frame) and strong support level bellow 1790usd. i think it is the best chance to long just in case of a good trigger signal.
it is in a descending channel that i think this channel is a bullish flag that is crystal clear in weekly time frame.
here, where I have placed a circle, we see a coincidence of 3 important key values. EMA200(of daily time-frame) EMA50(of weekly time-frame) and strong support level bellow 1790usd. i think it is the best chance to long just in case of a good trigger signal.
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