XAUUSD - Bullish Engulfing
XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.
Note
Moved SL to break-even. Currently up 257 pips in profit.Note
+408 pips in profitNote
Still holding. Three white soldier bullish continuation pattern on weekly timeframe. Note
Currently +560 pips in profitNote
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:
Monthly POV:
Trade closed: target reached
+662 pips profit.
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Related publications
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.