GOLD (XAUUSD) Bull Flag & Continuation

Updated
snapshot

hey guys,

it looks like gold is preparing for a retest of a current high.

during the last few trading days the price has formed a bullish flag formation
and just 1 hour ago it was violated to the upside with a bullish engulfing candle.

we now may expect a bullish continuation.

target levels:
1782.5
1787.5


p.s don't risk big.
max 0.5% risk of your depo on this setup.


Trade closed: target reached
Check my new analysis on GOLD!!!
GOLD (XAUUSD) Structure Analysis & Thoughts
Chart PatternsCommoditiesFibonaccifuturesGoldMetalsTechnical AnalysistradingTrend AnalysisUSDDJ FXCM IndexXAUUSD

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