XAUUSD - Bullish Engulfing for FX:XAUUSD by justinholtgrave — TradingView India

Trend Analysis Chart Patterns Wave Analysis XAUUSD XAU USD Gold LONG buy Bullish Patterns Engulfing Candle

trendanalysis chartpattern waveanalysis xauusd xau usd gold long buy bullish engulfingcandle

XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.

Comment:

Moved SL to break-even. Currently up 257 pips in profit.

Comment:

+408 pips in profit

Comment:

Still holding. Three white soldier bullish continuation pattern on weekly timeframe.

snapshot

Comment:

Currently +560 pips in profit

Comment:

Price could very well move beyond 1296 this time as there is a large bullish engulfing candlestick on the weekly time-frame and a bullish engulfing candlestick on the monthly time-frame with a confirmation candle forming.
Weekly POV:

snapshot

Monthly POV:

snapshot

Trade closed: target reached:

+662 pips profit.

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