Dear traders,
I guess anyone seen a double bottom pattern on XAUUSD daily chart. Clear reversal is confirmed.
If the price breaks 1760 a first TP is around 1780-1790 and in case of the break of the bearish resistance trendline it will fly over 1800.
thanks in advance for your observations.
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Disclamer: this is just a personal view, not a financial advise. Stay safe!
I guess anyone seen a double bottom pattern on XAUUSD daily chart. Clear reversal is confirmed.
If the price breaks 1760 a first TP is around 1780-1790 and in case of the break of the bearish resistance trendline it will fly over 1800.
thanks in advance for your observations.
-------
Disclamer: this is just a personal view, not a financial advise. Stay safe!
Trade closed: target reached:
First TP reached!! ;-)
Comment:
after the bounce on 1761 level, gold is ready for the next leg up to the second TP.
Trade closed: target reached:
2nd target reached! ;-)