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DavyCoth

Gold prepare to test $1242 resistance!

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
DavyCoth Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns XAUUSD XAU xauusdbuy xauusdlong Gold goldidea preciousmetals Bullish Patterns Bullish Flag
7
0
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.
Comment:
Market has a strength to move up very soon. Check the breakout.
Comment:
Silver also will go up soon as Gold breakout the triangle.

XAG long opportunity / Inverse H&S pattern
Comment:
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.
Comment:
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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