As I shown in the H4 Chart of XAUUSD. It has just completed the BULLISH Bat pattern.
Nice Bullish candle is a green signal to BUY it.
If we talk about the targets.
First Target is the First RED Horizontal Line.
2nd Target Count be point C (2nd RED Horizontal line).
3rd Target could be point A (3rd RED Horizontal line).
Stop Loss is little below to Point D or can be adjusted on nearyby Strong Support.
One Golden Rule for LONGS, is that never forget to use TRAILING STOPS in Order to keep your profit save in Case if Market takes u-turn.
We can expect next week for Gold as little bullish but keep one thing in mind that GOLD is going ABC Correction after completing E5 Structure.
There is a possibility that in UPComing Weeks\Months Gold will touch 1300 level. (I am expecting that will happen in 3 months).
For me its Long for now.
Please hit like button and follow me for new E5 structures and analysis.
Nice Bullish candle is a green signal to BUY it.
If we talk about the targets.
First Target is the First RED Horizontal Line.
2nd Target Count be point C (2nd RED Horizontal line).
3rd Target could be point A (3rd RED Horizontal line).
Stop Loss is little below to Point D or can be adjusted on nearyby Strong Support.
One Golden Rule for LONGS, is that never forget to use TRAILING STOPS in Order to keep your profit save in Case if Market takes u-turn.
We can expect next week for Gold as little bullish but keep one thing in mind that GOLD is going ABC Correction after completing E5 Structure.
There is a possibility that in UPComing Weeks\Months Gold will touch 1300 level. (I am expecting that will happen in 3 months).
For me its Long for now.
Please hit like button and follow me for new E5 structures and analysis.