XAUUSD Gold Triple Bottom and Long Setup Update: TP2 Reached

XAUUSD Gold Triple Bottom and Long Setup

XAUUSD Gold completed the triple bottom on the H1 chart. Triangle has been broken. We add long here. Our latest long setup :

Trade: Long

Time Frame: H1

Trade Period: Intraday  / Midterm

Estimated completion time: 2- 8 H1 CANDLESTICK

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On Triple Bottom

The accuracy of the pattern: 93 %

Recommended Lot Size: 0.10 at 10K

Area of the Entry: 1318

Stop Loss: Below 1.310

Target 1: 1321 / Reached and Closed 40% of the positions.

Target 2: 1326 / Reached

Target 3: 1328

Summary of the trade:

Update: TP1 Reached.

Update: TP2 Reached

NOTE:

A bearish shark pattern would be completed at 1327.80 -1.330. Stop Loss above 1330. Targets 1322 and 1319. Scalping / Intraday

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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