XAUUSD Gold H1 Chart Bearish Pennant Breakout and Short Opportunity

XAUUSD H1 Chart Bearish Pennant Breakout and Short Opportunity

XAUUSD Gold printing a bearish continuation pattern on the H1 chart. Potential breakout of the pennant will accelerate the bearish move.

Trade Setup

Trade: Short

Entry: 1293.26

Stop: 1296

Target 1: 1289.65 / Reached

Target 2: 1286 / Reached

Target 3: 1.281.45

Extended Target: 1277

TP2 Reached

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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