Gold bullish bat pattern
Updated
It can be good long entry position and great possibility for a gain if this pattern plays out. It is recommended that traders should enter as soon as they touch the 88.6 percent and we already cross it. Trade responsibly with stop loss set up. The percentage of harmonic pattern success results for each of the harmonic patterns (Gartley, Butterfly, Crab, Bat) is over 80% for all patterns and in some cases over 90%.
Note
These who entry for short term position and long term, profit taking targets:1. 1849
2. 1890
3. 1925
4. 1956
In case all targets are achieved, it can happen that Gold will challenge once again this year ATH, in case of breakthrough, profit taking targets are:
1. 2243
2. 2500
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