Fxprotrader

Gold Bearish Pattern Completion & a Pending Cypher

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Price has completed a bearish gartley pattern with a ton of potential. In case it works out well a nice level to aim as profit targets is the 1170 level where we should have the completion of a bullish cypher pattern. I don't recommend to trade this gartley placing stoploss above X point as the risk involded will be a massive one. The best option to get this move is to switch to the lower timeframes and keep an eye for bearish setups based on your strategy. Till 1170 you may find plenty of opportunities.

I will personally update this post any time I have a bearish setup based on median line analysis. In case you wish to update like and follow to be updated every time I post a setup in this post. Good luck..!
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