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XAUUSD Gold Rising Wedge And Short Opportunity

XAUUSD Gold Rising Wedge And Short Opportunity

Pattern/ Reason: We have a similar wedge pattern like GBPUSD printing

Timeframe: H1

Accuracy: 86%

Recommended Lot: 0.30 at 10K

Trade: Short

Entry: 1402 ( Estimated Breakout Level)

Stop: Above 1407

Target 1:1399 / Reached

Target 2:1388

Structural Target of the pattern: 1376

Update: TP1 Reached. Book partial profit and move Stop Loss to entry.

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

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

 

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