#XAUUSD - Short from 1222 level Targeting 1213-1209 level.
#Gold #XAUUSD 1H I saw a pennant pattern forming, was waiting for the directional break. I initiated the short at 1222 with a 5 point stop, looking for 1211 area and possibly lower. The 100% Extension Fib comes to the 1216 area, so will trim some there and keep the rest.
Trade closed: stop reached
Stopped out with 5 point loss.Trade active
Long Gold at break of the upper Pennant. targeting 1250 level.
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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.