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Gold (XAU/USD) Price Forecast: Bearish Flag May Trigger Second Leg Down

By FXEmpire March 11, 2026 Bearish

Gold consolidates near the 20-day moving average following a wedge-triggered selloff, forming a bearish flag pattern that could set the stage for a second leg lower.

Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLUGL

Gold consolidates near the 20-day moving average following a wedge-triggered selloff, forming a bearish flag pattern that could set the stage for a second leg lower.