Risk/reward ratio = 1:3 Since the pull back had done after it break the trend line, a short opportunity for further downwards movement.
Since the candle is still respecting 4h 200MA, it should be continue the bullish trend. TP : 1910 SL : 1857
Risk/Reward = 1:2 Since XAUUSD still in bullish trend.
OANDA:XAUUSD Sell opportunities on XAUUSD. Risk:reward 1:2
Cup with handle form on 1h chart, target 29k.
I see a potential butterfly pattern and a doji had in 1h chart, and the middle of "W" did not hit new high. It might hit 27680 and make a pull back, then hit 27200 support line.
We now see the price had close below the trend line, expect a furthur down to support area.
This candle should be decision for long or short. I’ll short it if this candle end with a doji.
We may reach 28147.64, if she break the resistance it will continue for the bullish trend. Moreover if she break 27615.88 the trend will turning to bearish, we can see RSI and MACD it started to turning bullish.