Akil_Stokes
Long

GOLD/US DOLLAR: Potential Bullish Advanced Gartley Formation

FX:XAUUSD   Gold / U.S. Dollar
A potential bullish Advanced Gartley Formation that (depending on the reversal) may end up being the "C" leg for a potential Bearish Advanced Gartley Formation.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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fantastic forecast, Akil
+1 Reply
Thank you
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Hello ! Buy now ?
+1 Reply
NO, wait for the move to complete
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Dani. KingArman
Ok, thank you for answer !
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arif_awan KingArman
GOLD shines or ???
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It's potential... you don't buy now. Pattern has not been completed yet :-)
+2 Reply
Dani. CROforce
1232.00 it point to buy.. ?
+1 Reply
Depends on your trading plan but 1232.00 is completion of the D leg
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Dani. CROforce
Ok, thank you !
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No, if it's not in your trading plan, i would not advise buying at all
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Thank you akil. Sl-tp?
+1 Reply
Akil_Stokes PRO TontasSinan
In this formation the stop loss must always go beyond the "X" leg
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I Akil, I see that the B point of the blue pattern is at 786, but you consider it as a Gartley and not a Butterfly ?... So this Advanced Gartley cannot have a D entry price at 786... So, at what fibs level do you consider your entry price ? Thanks in advance !
+1 Reply
The "B" leg does not hit the 78.6
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stratman Akil_Stokes
OK, the B leg seems to be at -1 pip of the 786... so in that case, what is the D price ? at 786 ? so just 1 pip above the B leg ?
+1 Reply
I don't use the 78.6 for my "D" completion, rather the 1.272 extension
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But, for those who trade it at the 78.6, it would indeed be right above "B" do to the deep retracement
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But if it did, then yes that would be setting up a potential advanced butterfly formation
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thank you akil for your great works. i think we have a good oppourtunity on GBP/CHF...
+1 Reply
You're welcome, I don't personally trade that pair, but as long as you follow the rules, it's a good trade
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Thanks Akil i love the way you use your RSI and ATR indicators very nice work thank you very much for sharing but please post more ideas you only post 1 or 2 ideas in a week
+1 Reply
Akil_Stokes PRO GoodLuckbabe
You're welcome, I would post more on here but it would be unfair to our Syndicate members, so i try to keep it to only a few a week
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very nice piece akil,
+1 Reply
Thank you Hamid
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Hey Akil, would you consider the chart attached as a valid pattern in your trading plan? Thanks.
snapshot
+2 Reply
I'f probably jump out to a higher timeframe, but yeah it looks fine to me
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great akil, if market reverse and not pass the B leg from bullish gartley, maybe we can see smaller bearish gartley with X@1270.82..
+1 Reply
Good thought
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Excellent work! Akil, I agreed with you.
I've been still holding a long position on 1228@Mar 16, now I moved buy stop to 1231. Wait and see how will it go...
+1 Reply
Nice, best of luck with your trade
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your target is hit, congrats. this long is valid now? or do we need to range abit longer to satisfy the pattern?
+1 Reply
No we do not need to range
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Is it suitable for gold purchases ?
+1 Reply
Akil_Stokes PRO TontasSinan
Is what suitable?
+1 Reply
hi, the figure was broken, right?
+1 Reply
Correct the X leg was broken making the formation invalid
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Making both invalid actually
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What do you say Mr.Akil?
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VForex VForex
snapshot
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I'm not sure I understand your question. And please, no "Mr" in front, makes me seem old
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VForex Akil_Stokes
I failed miserably in linking my chart haha.
+1 Reply
No worries
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hi .. i purcahse a gold on 1245 and 1251,, so is there anychance to gold come on again on these rate and when.. i searched thing some people give target gold go blow to 1189 or 1201 today or tomorrow..plz reply
+1 Reply
Akil_Stokes PRO MuhammadWasimAhmed
The market does what it wants when it wants. There's always a chance however nobody knows "when" or "if" it will happen or not.
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right .. i expect market on 1260 but damn market give me so much .. i pray market come again 1245 one time :P
+1 Reply
Akil_Stokes PRO MuhammadWasimAhmed
I'm sure it will at somepoint
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I like most of your analysis but this time I have to disagree.
I dont think we can break above 1270 during the following 4-5 weeks.
But after that we can make new highs...
+1 Reply
Akil_Stokes PRO chartwatchers
Nice!
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feel sorry again
+1 Reply
Akil_Stokes PRO Bob_B_Northman
What happened Bobb, why are you feeling sorry?
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