Fxprotrader
Short

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

FX:XAUUSD   Gold/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.

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Marvin
a year ago
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.
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Fxprotrader PRO Marvin
a year ago
Can you be more specific with your question? What do you mean with TL? Good luck to you as well..!
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Marvin Fxprotrader
a year ago
TL = trendline
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Fxprotrader PRO Marvin
a year ago
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..!
snapshot
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Marvin Fxprotrader
a year ago
Ok then, thanks mate. I'm out at 1142.93. All the best
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