KVE
Short

XAU/USD: Gartley or bat?

FX:XAUUSD   Gold Spot / U.S. Dollar
150 0 3
The previous idea already showed this pattern and a smaller pattern within it. The smaller pattern was a good short and we may now have our B and C for the larger pattern... This all within a possible wave 4 correction...

I updated the pattern and here it is..., I will definately short this if I like the PA in one of the 2 possible PRZ's...
PRZ 1: Gartley PRZ (0.597 is close to 0.618...) at 0.786 XA and 1.41 BC             projection
PRZ 2: Bat PRZ (technically more accurate: over 0.50 and didn't touch 0.618...) at 0.886 XA and min. 1.618 BC             projection...

SL for Gartley: above bat PRZ and close to pattern X, SL for bat: above X!
Target will be min. 0.618 ret. and trend continuation for a wave 5...

Watch the PA in the PRZ and look for smaller TF ending structures to get the best possible entry and SL!
Order cancelled
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