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28.03.2023 08:16 AM
Analysis of Gold for March 28,.2023 - Bear flag pattern and potential for the downside continuation

Technical analysis:

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Gold has been trading downside yesterday and I see potential for the downside continuation today.

Due to the downside momentum in the background and the bear flag pattern in the creation on hourly time-frame, I see potential for the further drop.

Downside objective is set at the price of $1.936

Stochastic oscillator is showing fresh bear cross, which is another sign for the downside continuation.

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