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pixi
Apr 18, 2017 1:34 PM

Daily Gartley update Short

Gold/U.S. DollarFXCM

Description

Hi, the daily bearish gartley seems to be complete (can extend to 1302/1305)
I'm expecting a retracement at least to 0.382 at $1257 (previous resistance) and/or to 0.618 at $1233.
GeoPolitical tensions (US/Russia/Syria/North Korea) and the first round of the French Election this end of week could bring high volatility.

Short active at $1292.

Comment

I took some profit on $1277. Time of uncertainty, i don't want to take too much risk before French Election this week-end (first estimate this Sunday at 8h00 pm GMT+1)
In H2 TF, gold completed a perfect gartley with many retests. I hedged my short position at $1277.

Comment

SL for the long triggered at $1273. Keeping short until next target at $1257

Comment

Bullish Crab + Gartley at $1257

Comment

Long $1262 + pending buy order $1257.
Shortened Gartley at $1261

Comment

TP 2 reached (even if i closed earlier)
Long $1233

Comment

Long at $1218, target $1270

Comment

Close long. Short 1253.

Comment

Comment

$1270 reached.
Short - SL $1275
Comments
lbg01
Nice @pixi ! TP?
pixi
@lbg01, thx! I've no time for a short term analysis. But in long term view, Gold made a monthly bearish gartley + a weekly one. "i need" a monthly reversal pattern, the only one i see for now is a Butterfly around $960.




In other words, back to these previous ideas



lbg01
@pixi, WOW! Thank you very much for your response!!! very much appreciated!
UnknownUnicorn540299
Thanks for update.
sherrytradingview
Is it possible gold will go under 1200 first? Thanks.
sherrytradingview
What is your long target? Thanks.
pixi
@sherrytradingview, hi, i'll target these TPs. First One at $1257.
sherrytradingview
@pixi, Thanks. Reasonable.
Bandarsq
Super Duper .. Congrats! ;)
pixi
@Bandarsq, thanks amigo ;)
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