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Mase_00_7
Aug 8, 2017 1:02 PM

XAUUSD - Outlook 

Gold/U.S. DollarFXCM

Description

Looking for a potential Gartley formation on XAUUSD.

Looking for a B-C leg completion in the grey box and a C-D extension up to the 78.6% retracement.

Comment

IF we get a move back to the C-point shown at 1258.20 then we may look to trade the move up:

Order cancelled

Trade cancelled due to recent move down, invalidating the pattern.
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