XAUUSD Gold Trendline Breakout and Long Opportunity
Description: XAUUSD Gold broke the descending trendline on the H4 Chart. EMA 50 and EMA 100 supporting the bullish move.
Pair / Instrument: XAUUSD
Time Frame: H4
Trade Period: Intraday / Midterm
The trend in the Timeframe: Neutral
The trend in the Daily Chart: Neutral
Trade Based On: Bearish Cypher
Recommended Lot Size: 0.10 at 10K
The Area Of The Entry: 1226
Stop Loss: Below 1222 ( According to MM stop below 1217 )
Target 1: 1230
Target 2: 1234
Target 3: 1244
Note: Concervative traders can wait for the pullback and retest at 1223 to enter the trade.
You can check our signal results
Subscribe to our services free of charge
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.