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XAUUSD Gold H4 Chart Overview And Trade Opportunity

XAUUSD Gold H4 Chart Overview And Trade Opportunity

Pattern /Reason: Bearish Butterfly H1, Bearish Butterfly H4, Bearish AB=CD H4

Time Frame: H4

Accuracy: 65%

Recommended Lot: 0.10 at 10 K

Active/Pending: Active

Trade: Short

Entry: 1342

Stop Loss: 1352

TP1:1328 / Reached


TP3: 1312

Divergence/ Convergence Confirmation: RSI H4

Candle Pattern Confirmation: Shooting Star

Moving Average Confirmation: H4 EMA 50 Support 1320.

Murrey Math: 1341 8/8 Ultimate Resistance


Update: TP1 Reached. Bearish Shooting Star confirmed. H4 Closing below 1318 would confirm the bearish continuation.



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

XAUUSD: 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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