fximperija
Long

#Gold bull gartley & ABCD

FX:XAUUSD   Gold/U.S. Dollar
The bullish ABCD equal leg has been completed @1194, the bull gartley @1211.68 and we have PA very near the -2/8 extreme overshoot @1187.50.
JGaruty
2 years ago
great chart art !! this is what i call it art not analysis, i mean with your powerfull technical analysis i cant see any price of theme...

if you want to play gold market, do it as a business not arting, the only thing that i can see in your chart is 1188, am one of the best fan of ratio pattern so dont give me wrong i love it but i do not trade it because it is RATIO trading not business trading
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fximperija JGaruty
2 years ago
If you mean business trading than trade the $GDX, $DUST and $NUGT, not Gold. These ETFs can make you rich but also very poor if you get caught on the wrong side. Cheers
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Hashim Raza
2 years ago
Thanks for the analysis. One of the usual behavior of gold that whenever it makes fresh low or highs it wash this area in next session(s). I've been watching it since the start of 2014. Now that previous bottom was 1205 from where price turned down it should go up at least to 1204 area in coming days.
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