HamedAghajani
Long

Bullish Gartley pattern is completing. Stay aware!

COMEX:GC1!   GOLD FUTURES
The price is approaching the defined buy level by the Gartley pattern . A long range bar has formed, this makes me to take the position with more caution. Look for Bullish patterns in the lower time frames, H4 and H1, as a confirmation. Hope this scenario will play successfully.

Three Target profit levels have been defined, toward completion of
i) 38.2% retracement, ($1294)
ii) 61.8% retracement, ($1328) and
iii             ) completion of the CD leg of the Cypher pattern ($1365)
With stop losses below 1239 support.

Update: 3/9/2014 10:30 BST
A Low test Bar has been formed on H1 Time frame and has tested the 1262.50 level. This will indicate the Potential Reversal Zone. A but limit order above the H1 candle with Stop Loss few pips below the wick of candle could be an idea to enter this trade.
akhil1206
2 years ago
gud buy at 1260 levels....
Reply
HamedAghajani PRO akhil1206
2 years ago
It is possible. Any close below 1241 would invalidate this idea!
Reply
akhil1206 HamedAghajani
2 years ago
yeaap...tats fr sure...
Reply
amitsanthalia3
2 years ago
gold has a bat pattern setting up
Reply
HamedAghajani PRO amitsanthalia3
2 years ago
Thanks, Isn't an exact 0.618 retraced B point, a Gartely pattern?
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HamedAghajani PRO HamedAghajani
2 years ago
Sorry- Just seen your analysis. But the level you defined on the weekly TF has not materialized yet.
Reply
A Low test Bar has been formed on H1 Time frame and has tested the 1262.50 level. This will indicate the Potential Reversal Zone. A but limit order above the H1 candle with Stop Loss few pips below the wick of candle could be an idea to enter this trade.
-1 Reply
akhil1206 HamedAghajani
2 years ago
are we wrong on the Gartley Pattern..
Reply
HamedAghajani PRO akhil1206
2 years ago
The Gartely is valid until it closes below 1240.
Reply
akhil1206 HamedAghajani
2 years ago
we wr wrong bro......
Reply
HamedAghajani PRO akhil1206
2 years ago
Yes. This one was a loser for me.
+1 Reply
akhil1206 HamedAghajani
2 years ago
u shd chk this one...
XAUUSD: Bull Gartley Getting Closer
the bigger picture....
Reply
HamedAghajani PRO akhil1206
2 years ago
Thanks Akhil, Cool one. I am watching gold for a good opportunity to short. maybe once it pulled back
Reply
akhil1206 HamedAghajani
2 years ago
same here...if this bigger pictures works we could get a good bounce followed by a sharp decline....
+1 Reply
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