GOLD (XAUUSD): Very Bearish Setup ExplainedA huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder.
Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them.
It is likely that the pair will now decline further, with potential targets at 2307 and 2382.