Gold is still not out of the woods!!!!

Gold Analysis

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After a steep fall til $1070 Gold trying to recover its lost ground. But during the current Gold is reflecting the bearish signs that was reflected in the past.  As seen Gold is forming a bearish flag pattern which is back by RSI negative reversal.

We assume a minor bounce  is possible till $ 1121-23  and below fall is expected til $ 1090-1070-1050 levels.  But above $ 1135 this pattern is negated.