mohsenfx

XAUUSD : Double Bottom Formation , waiting for entry point.

Long
mohsenfx Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
as you can see we have a Double Bottom Formation on Gold's 4H chart and breakout from neckline. Wait for pullback in H1 or M15 chart and enter long position with better Risk/Reward ratio, our target is around 1897.00 and stop should be below neckline.
Please like and Let me know if you have any questions, comments or observations, thank you.
Trade closed: target reached:
target hit , 2000 pips profit!
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