XAUUSD in horizontal channel soon breakout and ...?
As we can see we expect rise after this range zone that shown with purple horizontal channel and to our targets and this range make gold stronger if we have breakout on channel higher side and why ?
beacuse so many sellers now are setting their stop loss near 1740-1750 and channel upper side and if breakout happen then this stop losses will pump price to targets .
Target :
A.1768
we should be careful about falling scenarios too and why ? beacuse horizontal channel are not always continuation patterns and some times are range before changing trend for example :
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
beacuse so many sellers now are setting their stop loss near 1740-1750 and channel upper side and if breakout happen then this stop losses will pump price to targets .
Target :
A.1768
we should be careful about falling scenarios too and why ? beacuse horizontal channel are not always continuation patterns and some times are range before changing trend for example :
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
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