GcNaif
Short

Short on Bearish Bat

FX:XAUUSD   Gold Spot / U.S. Dollar
534 2 16
i am seeing a bearish bat . i will be shorting this between D area and 1242 with stoploss just above X - 1245 .
Trade closed: stop reached
I am a Chart Slave.Thank you TradingView and @nmike.
Didn't spot that one yet, nice! Tnx 4 sharing! I'm on Gold like a fly on..., well you know what... ;-)

I am looking for an ABC zigzag down at least to 1235, I think this down move is a wave 3, so from end of wave 4 around 1235 maybe a wave 5 up to complete a possible Cypher around 1244 ... (but careful, trendline above... so might be drawn further up to test it...).
snapshot


Will keep your bat and usual targets of it in mind though!!

Gold has been moving amazingly 'harmonic' within the triangle, I traded 2 Gartley's already, as said I'm careful with the cypher, it should finish around 1244 but 1248 looks like a more plausible D target based on the triangle trendline...:
snapshot
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thanks
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