What's up traders!
In my opinion, Gold has respected the bearish 4H trendline and seems forming triangle in the bigger picture
Last week, it formed rising wedge pattern and break the pattern, after that it retesting the broken area, on Friday 4h candle closed with bearish engulfing candle and looks like forming Head n Shoulder pattern, so i'm hoping a downside push to the Monthly key level around 1912-1920
I will share XAU on the other timeframe (multi tf analysis)
1st target will be 1940, then 1920
In my opinion, Gold has respected the bearish 4H trendline and seems forming triangle in the bigger picture
Last week, it formed rising wedge pattern and break the pattern, after that it retesting the broken area, on Friday 4h candle closed with bearish engulfing candle and looks like forming Head n Shoulder pattern, so i'm hoping a downside push to the Monthly key level around 1912-1920
I will share XAU on the other timeframe (multi tf analysis)
1st target will be 1940, then 1920
Trade closed: target reached:
Hit my 1st target at 1940, close half of my trade, put SL to BE
Trade closed: target reached:
+380 pips!