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XAUUSD Gold Bearish AB=CD Pattern

XAUUSD Gold Bearish AB=CD Pattern

Bearish Butterfly
Bearish AB=CD
Potential Retracement

Update:

RSI , CCI , OSMA Divergence H4

This is telling us the price is likely to fall soon.

H1 Chart Bearish Pin Bar / However not confirmed yet.

Short at 1.428

Stop Loss Must be above 1433

Target Levels: 1425

1422 / Reached

1415 / Reached

1407 / Reached

Another Short Opportunity is to wait for a bearish triangle breakout on M30 Chart

Short: 1424 Stop: 1429

Target Levels:

1422 / Reached

1415 / Reached

1407 / Reached

Safe Short: 1421 / Stop 1427

Target Levels: 1425

1422 / Reached

1415 / Reached

1407 / Reached

Update: Book partial profit and move SL to entry.

TP2

TP 3: REACHED

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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

 

 

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