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Gold Spot / U.S. Dollar
Long

XAUUSD - Bullish Engulfing

By justinholtgrave
Updated
XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.
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Moved SL to break-even. Currently up 257 pips in profit.
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+408 pips in profit
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Still holding. Three white soldier bullish continuation pattern on weekly timeframe. snapshot
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Currently +560 pips in profit
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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: snapshot
Monthly POV: snapshot
Trade closed: target reached
+662 pips profit.
Bullish PatternsbuyChart PatternsEngulfing CandleGoldLONGTrend AnalysisUSDWave AnalysisXAUXAUUSD

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