XAUUSD Gold Technical Overview and Trade Opportunities
Gold completed Bearish AB=CD pattern at 1.311 and retraced.
It is trading in an ascending trend line and testing fractal/support 1298-1300.
Break below the support and the ascending channel would validate the bearish flag pattern.
Short: Breakout 1297
Stop: Above 1.306
Target 1: 1.292 /REACHED
Target 2: 1.281
Target 3: 1.277
Ultimate Target of the pattern: 1.270
Stop: Below 1.297
Target 1: 1.311
Target 2: 1.317
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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