XAUUSD - LONG - FLAG PATTERN BREAKOUT PREDICTION Long

Gold/U.S. DollarFXCM

Description

⋅ Jun 25, 2020 10:57 AM

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

Comments

UnknownUnicorn7393601

⋅ Jun 25, 2020 3:34 PM

Brilliant!

MrEdwardSmith

⋅ Jun 25, 2020 5:07 PM

@JanyKotupova, Thank you very much.

Mainergate1285

⋅ Jun 26, 2020 6:30 AM

I agree it's going to touch 1790 but afterwards we could have huge downtrend to 1680
Dxy is going down once again and it will go up like wild bull so be careful