themarketzone
Long

Bullish AB=CD pattern near 100$

AMEX:GLD   SPDR GOLD TRUST
The two harmonic patterns confluence zone near 114$, along with the downtrend line, sent $GLD below the C level of both the Gartley (red) and the Butterfly (blue) patterns.
The price also broke below the trading channel's bottom, signaling that it may continue lower.

The next potential reversal zone.. and perhaps a longer term bullish reversal in $GLD.. is near 100$, that besides being an important psychological zone, it is also the completion zone of the bullish AB=CD pattern (weekly)

Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters

To read more interesting technical reviews for the week- http://goo.gl/TTPQ8T
To subscribe to the newsletters - http://goo.gl/JfOLoR
Trade closed: target reached
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out