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Long

Bullish Golden Gartley

FX:XAUUSD   Gold Spot / U.S. Dollar
We had a nice harmonic rally to the 1300's now we are standing on a . 618 retracement of the same exact AB=CD (XA of the pattern) its also aligning with the . 786 retracement of the CD leg. And another 2 reasons to think of a retracement is that in 1H charts we have a double bottom formed right on a structure level. All of these factors suggest a rally but we can only hope for it to complete a harmonic pattern . Looking back in time we can see that there is another advanced pattern structure which completed and then had a reversal right after. The bat reached TP2 and with the recent months' accuracy we should look for another harmonic moves and structures.

Update 1: The price reversed as expected now we hope for a future retracement.
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