After forming the Gartley pattern on the 8th of March, gold seems to be going up again.
The Gartley formation can be supported by the 38,2% Fibonacci retracement level:
If the current move gets negated, we also have a possible Butterfly pattern forming at $1560:
Scripts used in this analysis:
The Gartley formation can be supported by the 38,2% Fibonacci retracement level:
If the current move gets negated, we also have a possible Butterfly pattern forming at $1560:
Scripts used in this analysis:
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