XAUUSD Gold Intraday Overview: Triangle Breakout
We have published our Gold report and midterm forecast.
XAUUSD can be entered in a consolidation period before the massive bullish move.
As seen on the H1 chart, price broke the triangle. The ultimate target of the pattern is 1.304. Invalidation level is 1322. Sub-targets are 1.312 and 1.308.
On the smaller chart timeframes, a Bullish Gartley pattern is being printed. The pattern would be completed at 1312.
We will try to use pullbacks as buying opportunities with midterm purposes.
Our Long entry levels will be 1312 and 1304, stop below 1285, targeting 1350 and 1363.
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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