XAUUSD : Possible Cup & Handle Pattern formation on 1hr
Updated
We have rounded bottom fomration.
Breach of 29 would be bullish engulfing in D1.
DXY reversing.
Immediate Target 37.
1242, 1251, 1260, 1270 and Homerun
Breach of 29 would be bullish engulfing in D1.
DXY reversing.
Immediate Target 37.
1242, 1251, 1260, 1270 and Homerun
Trade active
Longed from 1218Note
Unemployment data and Goods data has virtually no effect seen. Data was bearish for gold.
Holding 24-25
Trade closed: stop reached
Long Closed at 1223Shorted 23.3
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