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Long

Gold Bull Flag Pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
139 views
1
139 6
Risk 155 Pips each Position
Target 1 +275 Pips
Target 2 + 500 Pips

Related Ideas

Closed all @ 1281 , Trailing Stop loss
p/l +45 Pips
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Now the price is going up in my profit zone,
I trail sl to break even.
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Thanks Lanmar for your comment,
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Flat patterns do not typically have such violent corrections. The two previous consolidation areas would be considered flag patterns. Look at the intermediate term picture for gold - drfinitely not very bullish, yet.
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Lanmar Lanmar
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