XAUUSD H1
Finally gold managed to breakout the bear flap pattern which I have shared in my previous analysis. We got a nice drop from 1890 to 1863. The next immediate support below would be 1860/56, 1843, and below that 1834. On the flip side, if 1860 support is holding strong then gold could rise again.
Trade closed: target reached
Target achieved at 1843 as we have highlighted in our channel. Boom.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.