Pattern, fibonnacci and target range = $1346

FX:XAUUSD   Gold Spot / U.S. Dollar
920 7
Always looking for a pattern to fill the gap at $1347.
In previous idea, i mentionned a likely bat at $1346, now we can add a target's range (possible adam&eve / double bottom structure) and a bearish crab on same level.
As said in previous idea, only one requirement : $1260 should be keep safe (better : . 886 retracement of XA leg of the gartley at $1266)
Trade closed manually:

Related Ideas

Price under pressure until next Fed meeting. 1 November
Agreed, and when @ 1348, it may have a potential Gartley pattern forming.
+1 Reply
pixi Viking83
@Viking83, agree. I have this one if $1260 fails. I posted on this pattern yesterday. Let's see if it drops now or later as explained with your clean chart (my preference of course ;))
@pixi, Also a completely valid scenario. Sentiment is getting quite bearish though, so would be nice with the reversal scenario!
+1 Reply
pixi I completely agree with your idea. Thanks for sharing such great chart my man !
Nice idea pixi!
pixi olegleo
@olegleo, thx.
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