Gold Bearish Flag

Gold is getting intriguing.
The potential corrective triangle has now morphed into a larger bearish flag. That matters because the structure is not only more reliable, but also opens the door to a much larger bearish opportunity if confirmed. The potential downside targets are no longer minor.
A confirmed breakdown could put a 10–15% decline on the table, possibly more, within a relatively short period of time. In plain English: gold may have just upgraded the bearish roadmap.
Elliott Wave evolution – short term:



Technical and statistical analyses and larger Elliott Waves structures were discussed in details in the last monthly report: https://investingangles.com/fj1i
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