GOLD Right-Angled and Descending Broadening Formation
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
Comment:
If SL is hit for the short position we will reverse our position with a target of $1350
Trade closed: target reached:
SL hit for short position and reversed our position with a target of $1350.
Target hit
Target hit
Comment:
Currently observing a megaphone pattern
