GOLD Right-Angled and Descending Broadening Formation
Updated
Gold has formed a Right-Angled and Descending Broadening Formation on hourly chart.
Short at CMP ($1336.5)
Target: $1325
SL: $1340.1
WE WILL LOOK FORWARD TO GO LONG ON THE 3rd TOUCH AT THE BOTTOM OF THE PATTERN.
Keep watching the space
Short at CMP ($1336.5)
Target: $1325
SL: $1340.1
WE WILL LOOK FORWARD TO GO LONG ON THE 3rd TOUCH AT THE BOTTOM OF THE PATTERN.
Keep watching the space
Note
If SL is hit for the short position we will reverse our position with a target of $1350Trade closed: target reached
SL hit for short position and reversed our position with a target of $1350.Target hit
Note
Currently observing a megaphone pattern
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