FX.co ★ Analysis of Gold for February 14,.2023 - Breakout of the bear flag pattern in the background

Technical analysis:

Gold has been trading downside and I found the breakout of the bear flag pattern and the rejection of the resistance zone.

Trading recommendation:

Due to the downside breakout of the bear flag pattern in the background, I see potential for the downside movement.

Watch for the potential selling opportunities with teh downside objectives at $1.830 and $1.793.

Slow Stochastic is in the bear condition with no big warning for the upside movement.

Resistance zone is set at $1.870 and $1.877