GOLD Megaphone top setup

Gold (XAUUSD) has formed a megaphone top on hourly chart. We will take decision based on the price action which is going to unfold.

Keep watching this space for more updates of targets and SL

Kommentar:

Short below $1343

T1: $1337
T2: $1333
T3: $1326

SL: $1351

Trade geschlossen: Ziel wurde erreicht:

T1: $1337 achieved

Trade ist aktiv

Trade geschlossen: Ziel wurde erreicht:

T2: $1333 achieved

Trade ist aktiv

Kommentar:

moving towards megaphone bottom and forming head and shoulders

Trade geschlossen: Ziel wurde erreicht:

T3: $1326 achieved

Kommentar:

We will keep an eye on Gold and take further action based on our charts.
Keep watching this space for more updates

Kommentar:

We will go short below $1319

T1: $1312
T2: $1307
T3: $1297

SL: $1327

Kommentar:

After triggering the short trade on Sep 14 it hit our SL immediately indicating a fake out.

Later Gold again fell below $1319 on Sep 16 and we have so far achieved T1: $1312 and T2: $1307 and moving SL to cost and waiting for T3: $1297