XAUUSD Gold Ascending Channel and Trade Opportunity
Gold is trading in an ascending trend channel. A bearish continuation triangle pattern is being printed on the M15 Chart. Breakout of the bearish triangle and the ascending channel would give us a midterm short opportunity.
Estimated Breakout Level to enter short 1266.70
Stop Loss: 1270
Target 1: 1262
Target 2: 1257.71
Target 3: 1251.80
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
XAUUSD Gold: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.