Gold@Gartley Pattern At Elliott Wave 5-3 Cycle Completion

FX:XAUUSD   Gold Spot / U.S. Dollar
After a sharp move to the upside, price has completed a typical 5-3 Elliot Wave cycle. At the end of C wave we have a bearish gartley pattern completion. At the same level price tests a long term resistance level . I believe with have the odds on our side with this one.

Like & Comment..!
What top are you using for your long term TL? I can't seem to correlate this. It seems that price as broken out now but a pullback is likely. I'm short too from 1153.55. Good luck.
Can you be more specific with your question? What do you mean with TL? Good luck to you as well..!
Marvin Fxprotrader
TL = trendline
Ok i see.. Look at the chart.. I always considel suport & resistance as zones and not sprcific levels, so it doesn't have always to be perfect two, three or more touches on the trendlines.. I hope that this helps..!
Marvin Fxprotrader
Ok then, thanks mate. I'm out at 1142.93. All the best
+1 Reply
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