GOLD: Bullish - FLAG detected + Breakout of the range.

GOLD: Bullish - FLAG detected + Breakout of the range.

1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.

2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.

3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$

The red horizontals are retracements regarding ICHIMOKU levels .

However a retracement Fibonacci gives a target lower around 2 100$.

Be careful

Trade ist aktiv:

Trade ist aktiv: