FX:XAUUSD   Gold Spot / U.S. Dollar
Good morning Traders!
From a technical point of view, a BULLISH ENGULFING pattern appeared on daily chart with a target around 1,270.
NOTE: If the price falls below low, the pattern will be canceled.

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Comments

Excellent projection candles, nice illustration of the 1D Channel Down and an upcoming Lower High. We expect a break out to the upside to take place after the 1W double bottom near 1237. Here is our view:

Reply
Comment removed
Hi SignalSwiss!
Must this pattern working today, or in during some days without breaking 1252?
+1 Reply
Thank you!
+1 Reply
if it doesn't reach 1270 then pattern is cancelled means then...?


will it be on a breaking spree below 1236 then??
+2 Reply
SignalSwiss rameezcfa
@rameezcfa, Hi, this is only a pattern analysis, not a setup
Reply
khmammed SignalSwiss
@SignalSwiss, I m fully agree with you SignalSwiss I m already in waiting for 1270
+1 Reply
thx
+2 Reply
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