360
Long

Confirmed Double Bottom and Bull Flag in development

FX:XAUUSD   Gold/U.S. Dollar
293 5 2
The way i see it, we have a confirmed double bottom (close above 1224.55) with bull flag in development as shown on the chart.
Basically bullish view, but PA below the 1224.55 line most likely targeting S1. Close below S1 and there comes another leg short.
But, with this referendum stuff we can scratch al this and wait for things to settle down. Polls are saying that probably it will be NO vote.
Rinehart
2 years ago
Looks good. But I'm still not ready for Gold, lol.
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360 Rinehart
2 years ago
LOL. Gold is the THC of forex. Let short from 1255-R1 be your first puff. target 970. That will get you hooked for sure hahaha.
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360
2 years ago
1223.80 - 200 MA on 5 min. Let's see if we get a bounce from there.
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akhil1206
2 years ago
double bottom doesnt works on hourly chat ...it works on a daily chart...
Reply
360 akhil1206
2 years ago
Depends on your source. This one obviously did not work.
Reply
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