Here's a very simple chart showing POG's failure to reach the targeted resistances due to the bear flag mentioned by Gary in the previous comments.
If this channel breaks down then there's likely to be new lows to follow but 116p remains a support whilst resistances are at 147p, 154p and 164p.
If this channel breaks down then there's likely to be new lows to follow but 116p remains a support whilst resistances are at 147p, 154p and 164p.