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.Note
Market has a strength to move up very soon. Check the breakout.Note
Silver also will go up soon as Gold breakout the triangle.
Note
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.Note
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 closed: target reached
Touched the $1242 level. Hope you enjoy the trade :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.