FX.co ★ Analysis of Gold for February 13,.2023 - Breakout of the bear flag pattern in the background

Technical analysis:

Gold has been trading downside in the background and I found the breakout of the bear flag pattern to the downside, which is good sign for further drop.

Trading recommendation:

Due to the breakout of the bear flag pattern and downside regime in last few days, I see potential for the further drop.

Watch for the potential selling opportunities with the downside objectives at $1.830 and $1.795.

Fast Stochastic oscillator is showing fresh bear cross, which is good sign for the further downside movement..

Key resistance is set at the price of $1.885