XAUUSD Gold H1 Chart Technical Overview
We have reached our sub-targets in our Gold trade. I keep some part of short positions and my target is 1269.
I will publish a detailed Gold report at the weekend. If XAUUSD makes weekly closing below 1277, we may see the prices testing $ 1250 near term. However, it is early to speak about that.
On the smaller charts, 1.281 is the key resistance and the price is likely to go down as long as it stays below 1.281.
On the upside, 1285 – 1289 is the key intraday resistance.
As seen on the chart, we have bearish white swan pattern to use for an additional short opportunity. The area of the entry is 1285-1287.
I will send entry notification to the members if this pattern becomes validated.
On the downside, 1273 1269 and 1265 are my intraday targets.
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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