GOLD: Bullish - FLAG detected + Breakout of the range.
Updated
GOLD: Bullish - FLAG detected + Breakout of the range.
1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.
2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.
3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$
The red horizontals are retracements regarding ICHIMOKU levels .
However a retracement Fibonacci gives a target lower around 2 100$.
Be careful
1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.
2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.
3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$
The red horizontals are retracements regarding ICHIMOKU levels .
However a retracement Fibonacci gives a target lower around 2 100$.
Be careful
Trade active
Trade active
Trade active
Trade active
Trade active
Wolfe Wave still valid
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Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
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