XAUUSD has broke out of this bull flag with a lot of momentum
I haven't entered yet as was being cautious waiting for a retest - in crypto you get a lot of fakeouts, in gold clearly not so often lol
I don't think it will retrace all the way back to the top line of the bull flag, so have drawn on an estimated path of a pullback
Going to set alerts for this zone and get busy
Fibonacci retracement across the bullflag gives us a 1.618 target of $2265
I will cash in a good proportion of profits at the dashed lines which are highlighting SR regions in the previous run above 2K!
;)
I haven't entered yet as was being cautious waiting for a retest - in crypto you get a lot of fakeouts, in gold clearly not so often lol
I don't think it will retrace all the way back to the top line of the bull flag, so have drawn on an estimated path of a pullback
Going to set alerts for this zone and get busy
Fibonacci retracement across the bullflag gives us a 1.618 target of $2265
I will cash in a good proportion of profits at the dashed lines which are highlighting SR regions in the previous run above 2K!
;)