Daily bullish gartley

FX:XAUUSD   Gold Spot / U.S. Dollar
1890 16
Gold completed a daily/weekly bullish gartley .
I'm targeting a bearish shark around $1347/1350.

I took long at 0.786 retracement of the gartley at $1237
Trade active
Comment: Took some profit on 67.
Shorted the Daily kijun, expecting a retracement to 1248/49.
Comment: Bearish 5_0 in H4 TF - TP1 1248.5
Comment: Took some profits on first TP of the Gartley (0.382 of 1D) at $1282.
Out from previous short, re-took some short (avg $1280), expecting retracement (1249/50)

Comment: Hi,
All shorts (avg $1292) closed in losses at $1296.
I took some profit at $1311 and finally close my long at $1321 and short triggered (SL 1325).
This idea is still in play, but this rise has no volume and i don't like it.
Gold hitted the 0.707 retracement and, in general, is a good point for reversal.

eg. trump's election

And now.

Moreover $1321 is aligned with $1180 and $1047 in the Gann's square of 9.
So, i'm not too greedy, this long at $1237 gave me some good pips.
But, retracement is maybe on the table.

First TP at 1295/1300
Comment: Short strategy for short-term retracement has failed.
SL short hitted at 28.5 / Long 28.5 - Waiting completion of initial idea.

If gold hits the PRZ (1347/1350), i'm expecting a retracement to $1292 at least (5-0 bullish pattern) / or better, $1249 to complete a Bullish Bat.
In both cases, Gold is on bullish mode in this early days of 2018. In Mid-term, we could see $1430 and $1530. Time will tell.

Long-term view
Bearish Butterfly at $1530 -> Return to normal ? / Big Short ?

Comment: Near PRZ at $1247.
Long closed at $1242 / Starting to short SL above $1250
Comment: Pattern completed. Add short $1247. All SL above $1250.

Expecting a 50% retracement to complete a likely bullish 5-0.
Comment: Extended Shark still active.
Target bullish 5-0 + Weekly kijun around $1300

Comment: Likely H&S / TP $1288 / 0.618 retracement

Related Ideas

you can find small beaerish butterfly point XA projection at 1349, the range still valid. it contain 1.618AB=CD which point at 1350.70. Lets gooooooo by first tp is 1313.13 :) Wish you all luck

Husain_Khalaf Husain_Khalaf
@Husain_Khalaf, its not perfect tho :)
+1 Reply
Husain_Khalaf Husain_Khalaf
@Husain_Khalaf, the pattern will take longer to turn around as the Dollar index still show weakness :) patience
+1 Reply
nice one, pixi
+1 Reply
pixi faylee
@faylee, thx fay !
We are there..! I grabbed this swing from 1234..! TP 1346. A few $ away from the TP however booked 100$ move profit
Well done! :)
+3 Reply
pixi Bandarsq
@Bandarsq, thx, bro ;)
Hello pixi

Can you surely tell me which direcrion on gold?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out