XAUUSD Gold Forecast and Trade Idea
As we have mentioned in our previous analysis and trade idea, we predict the price will test 1208 USD.
We keep our short positions.
We have fresh entry opportunity at 1218.
As you might know, this level tested twice before. We have bearish triangle breakout as seen on the H4 Chart.
The targets are 1214.40, 1210.90 and 1208.00
One H1 Candlestick closings below 1218 will be the confirmation.
Update: Targets Reached 1000 pips
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
XAUUSD Gold Forecast: 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