Hi Guys,
GOLD is sitting at our Sell area we where looking for.
We have completed the ABCD Gartley from the Jan 26th High with a 10 day rally.
This could be a start of a decent move to the downside.
Target 1. 1800 - This is the 50-61.8% retracement of the current move up. This would complete a 135 Pattern and be the Bullish option.
Target 2. 1750 - This is the A-B=C-D move to complete the smaller pattern.
Target 3. 1730 - This would complete the Gartley Buy pattern from the Aug 2021 low.
I hope this helps.
Enjoy the day.
GOLD is sitting at our Sell area we where looking for.
We have completed the ABCD Gartley from the Jan 26th High with a 10 day rally.
This could be a start of a decent move to the downside.
Target 1. 1800 - This is the 50-61.8% retracement of the current move up. This would complete a 135 Pattern and be the Bullish option.
Target 2. 1750 - This is the A-B=C-D move to complete the smaller pattern.
Target 3. 1730 - This would complete the Gartley Buy pattern from the Aug 2021 low.
I hope this helps.
Enjoy the day.
Trade chiuso: stop raggiunto
I got stopped out overnight on my short but I am going again. Im staying on the bearish bias until we get above 1850.
Sometimes the perfect set ups just dont work. Onto the next one. đź‘Ťđź‘Ť
Nota
AI for GOLD today. Looking for lower prices.
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Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.