XAUUSD Gold Trade Idea TL Breakout And Short Opportunity
Pair / Instrument: XAUUSD GOLD
Time Frame: H1
The trend in the Timeframe: BEARISH
The trend in the Daily Chart: BEARISH
Description: 1248 resistance is working well. XAUUSD GOLD broke below the short-term trend line. A bearish move is predicted.
Trade Based On: Breakout Chart Pattern
Stop Loss: 1246.30
Take Profit 1: 1237.50
Take Profit 2: —
Extended Target: —
Update 1: Trade reached the target. We close with 600 pips.
Link to follow the chart and idea: XAUUSD GOLD TRADE IDEA
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
XAUUSD Gold Trade Idea: 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