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XAUUSD Gold Bullish Flag On H1 Chart Update: TP 1 Reached

XAUUSD Gold Bullish Flag On H1 Chart

Description: Gold forming a Bullish Flag pattern on the H1 Chart. Breakout of the flag will trigger the intraday bullish move. We have a bearish harmonic pattern on H4 Chart. If XAUUSD breaks out the flag, we will look for a short opportunity at the targes of the Bullish Flag.

Trade Period: Scalping

Pair / Instrument: XAUUSD

Time Frame: H1 

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Neutral

Trade Based On: Bullish Flag Pattern

Accuracy: %93

Recommended Lot Size: 0.05 at 10K

Trade: Long

The Area Of The Entry: 1222.80 / wait for the breakout

Stop Loss: 1217 

Target 1: 1228 / Reached 50 pips / Move Sl to breakeven

Target 2: 1232

Target 3:

You can view the setup : XAUUSD Bullish Flag

You can check  our signal results

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

XAUUSD Gold Bullish Flag Pattern:  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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