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XAUUSD Gold Intraday Overview: Ascending Triangle H1 Chart

XAUUSD Gold Intraday Overview: Ascending Triangle H1 Chart

We have an open short trade we entered at 1290 USD based on Bearish Flag Pattern.

Yesterday, we published an intraday trade opportunity based on bullish bat pattern. Trade reached the target.

Looking at the intraday charts, we see that Gold is printing an ascending triangle pattern on the H1 Chart.

Trade Opportunity as follows:

Trade: Short

Entry: At the breakout of 1280

Target1: 1273

Target 2: 1265

Stop: Above 1285

Note: This is an intraday trade opportunity.  We keep our main short position.

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

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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