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XAUUSD Gold Inverse Head And Shoulders And Long Opportunity

XAUUSD Gold Inverse Head And Shoulders And Long Opportunity

Gold’s stuck between 1277 and 1285. We see an emerging inverse Head&Shoulders pattern on the H1 Chart. The breakout of the neckline would validate the pattern.

Our Trade Setup:

The Pattern: Inverse Head And Shoulders

Trade Short

Entry:  The pattern would be validated at the breakout of the neckline @ 1285.25.

Stop Loss: 1281

The targets of the pattern are 1289  -Reached – We take partial profit here.





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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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