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seigneurTrade
Mar 22, 2018 4:14 PM

Future of Gold. What you should to do? 

GOLD (US$/OZ)TVC

Description

So we see Triangle, this triangle is must important thing on this chart. I pinned with arrows where could price go.

Targets:

1) First target is as you can see green one which is support.

2) If support holds the price that will rise to Triangle top side. If price breaks the Triangle with GOOD volume then go long to the Trend line, when price reachs the Gartleys D leg then go short to Triangle. Stops on you.

3) My other idea is if price break the support then short to the other support. But it might be risky. And when price comes to Triangle bottom:

What will happen if price breaks the Trend Line? Answer is it will goes for support side which I pinned with arrow.(3rd support)

What will happen if Trend line holds the price? Answer is it will rise to 1st Resistance.

Damn.

Trade closed: target reached

TP1

Trade closed: target reached

TP2 and TP3

Trade active

Gartley is active right now.

Trade closed: target reached

TP4 reached, Gartley is still active.

Trade closed manually

Gartley trade has reached the first support line so close your lots %50.

Comment

Gartleys 2nd target is trend line btw.

Trade closed: target reached

Gartley TP2
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