MrEdwardSmith

XAUUSD - LONG - FLAG PATTERN BREAKOUT PREDICTION

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD - Long position prediction based on technical analysis .

Current prediction based on the following analysis ;

HTF ◄ Daily

Bullish Trend ◄ Yes

Pattern confirmation ◄ Yes
> Inverse H & S bottom
> Bullish H & T pattern

Major Structure ◄ Yes @ 1763.00 & 1795.00

Break out of H & T pattern @1747. 40 ◄ Yes

Missed opportunity on the previous 4H pullback into the 1747. 40 level.

Pullback into Killzone on 4H ◄ Awaiting Retest

Projected Targets◄

> 1.272 Fib extension for T1
> 1.618 Fib extension for T2