smartstep78
Short

GOLD MAY TEST 1290- GARTLEY

FX:XAUUSD   Gold / US-Dollar
119 13 4
GOLD             IS BEARISH BELOW 1290..LOOKING TO SHORT HERE!
Kommentar: WATCH GOLD AT 1290 -92 TO GO SHORT AGAIN
Kommentar: THIS CHART IS INVALID..I HAVE POSTED NEW GARTLEY CHART
Gold yesterday touched 1287. Does is complete Gartley pattern?
Antworten
smartstep78 fhsk2001
GOLD 1292 IS IMPORTANT.. IF IT TOUCHES THEN IT MAY BE DOUBLE TOP..1292 IS INVALIDATION POINT TO BE BEARISH!!!
AS FAR GARTLEY PATTERN CONCERNED IT SHOULD NOT EXCEED 1292..IDEALLY IT SHOULD END AT 0.786
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fhsk2001 smartstep78
@smartstep78, So 1292 is needed to complete Gartley pattern. Hence, do you expect attack of 1290 level in near future prior reversing down?
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smartstep78 fhsk2001
I THINK 1290 WILL TOUCH..THAT MAY COMPLETE ABC CORRECTION BY EXCEEDING 1290..THIS IS POINT TO BE BEARISH ANYWHERE BETWEEN 1290-1294
Antworten
fhsk2001 smartstep78
@smartstep78, Thank you. This may be caused by DXY. So we soon rise of DXY when gold reverses.
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smartstep78 smartstep78
GARTLEY SHOULD NOT EXEED THE X POINT
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Do you intend to enter short at 1290?
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smartstep78 fhsk2001
yes ofcourse..that is the idea..though I am long right now short term
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fhsk2001 smartstep78
@smartstep78, Thank you. Gold looks in correction. I wait for new wave up to beak 1284 resistance.
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smartstep78 fhsk2001
you are right..that 0.5 percent of the rally.. 1284 or 1290..but pattern is incomplete , I will watch both prize
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