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XAUUSD Gold Bearish Flag And Short Opportunity Update: TP1 Reached

XAUUSD Gold Bearish Flag And Short Opportunity

Description: Gold tested 1296 and rejected as we expected. A bearish flag pattern is completed and broken. This pattern is a bearish continuation pattern. Bearish continuation is predicted.

Time Frame: H1

Trade Period: Midterm

If the pattern becomes validated estimated completion time: 2-30 H1 Candle Sticks

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On Bearish Flag Pattern

The accuracy of the pattern: 96 %

Recommended Lot Size: 0.10 at 10K

Trade: Short

The Area Of The Entry: 1290

Stop Loss:  1296

Target 1: 1285

Target 2: 1277

Target 3: 1265

You can view the setup: XAUUSD Gold Flag Breakout

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

XAUUSD Gold Bearish Flag: 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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