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XAUUSD Gold Head And Shoulders Pattern Update: Target Reached
XAUUSD Gold Head And Shoulders Pattern
Description: XAUUSD Gold Completed Head&Shoulders pattern on M15 Chart. Potential bearish continuation is predicted.
Time Frame: M15
Trade Period: Intraday
If the pattern becomes validated estimated completion time: 4-6 m15 Candle Sticks
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bullish
Trade Based On Head And Shoulders Pattern
The accuracy of the pattern: 91 %
Recommended Lot Size: 0.07 at 10K
Trade: Short
The Area Of The Entry: 1294.18
Stop Loss: Above 1296.25
Target 1: 1290 / Reached 40 Pips
Target 2:
Target 3:
Extended Target:
You can view the setup: GOLD HEAD AND SHOULDERS
Update: Target Reached Trade Closed with 40 pips
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Gold Head And Shoulders 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