Mid-term analysis: XAUUSD formed a bearish Flag

General outlook

XAUUSD traded in a bearish trend from 10 March. Now, the price displays the Flag pattern.

If the price rebounds from the upper border or confirms a breakout of the lower border of the Flag pattern, analysts recommend opening a Sell order.

Disclaimer

This market analysis focuses on mid-term trends, relevant for up to two weeks. Short-term movements may vary, and other analyses might suggest a different direction. Always consider your timeframe before making trading decisions.

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XAUUSDT

دائم

4,560.01

+0.50%