After confirming a bearish breakout on the trend line in both the hourly and daily timeframes, it's evident that a bearish price momentum has taken control. Furthermore, the recent price action has provided a strong confirmation of a bearish breakout on the support of a bearish flag that formed following a period of sideways movement. As a result, we anticipate gold to continue its bearish trend, with a possibility of minor pullbacks, ultimately heading towards the highlighted major support level.
