XAUUSD has formed an abc bullish pattern on its hourly chart.
The price is trading below the entry level 1949.775.
ABCs patterns are only valid when the price closes above the entry level with a confirmed uptrend.
GOLD ABC BULLISH PATTERN
WALL 1971.199
💼EL 1949.775
⚠️SL 1938.752
🎯TP1 1990.972
🎯TP2 2004.886
🎯
The price is trading below the entry level 1949.775.
ABCs patterns are only valid when the price closes above the entry level with a confirmed uptrend.
GOLD ABC BULLISH PATTERN
WALL 1971.199
💼EL 1949.775
⚠️SL 1938.752
🎯TP1 1990.972
🎯TP2 2004.886
🎯
Note
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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.