Gold prepare to test $1242 resistance!

Long

Or / Dollar Américain (FX_IDC:XAUUSD)

Mis à jour

FX_IDC:XAUUSD Or / Dollar Américain

trendanalysis chartpattern xauusd xau xauusdbuy xauusdlong gold goldidea preciousmetals bullish bullishflag

XAUUSD looks like forming a bull flag at 4H and prepare to test main resistance at $1242 level. The key support is at $1215 level which was the main resistance of previous sideway move.

Commentaire:

Market has a strength to move up very soon. Check the breakout.

Commentaire:

Silver also will go up soon as Gold breakout the triangle.

XAG long opportunity / Inverse H&S pattern

Commentaire:

Price is still in flag range as expected. Watch the lower line for possible bounce. In case we break lower next support is at $1215 and $1207.

Commentaire:

We have seen nice breakout from flag as we expected. Now we fight with $1232 resistance and after that $1237. When we broke it then $1242 is ahead!

Trade fermée: cible de profit atteinte:

Touched the $1242 level. Hope you enjoy the trade :)

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