pixi

Gartley Bear Short term

Short
pixi Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
55
Hi,
Since gold has completed an inverted AB=CD on $1218 (see comments in related ideas below), i'm looking for a retest of $1170 area.

Gartley H2 in play, looking for Extended Bullish Bat on $1172

Short opened at $1218 and $1214.
Long $1123.8
Comment:
I'm always concern about a previous structure ($1166) which has not yet been tested.
The overall target is almost the same but price for reversal is quite lower than the previous idea. Timing is great also with FOMC Release on 1st February.
Comment:
Retracement in progress for Gold.
Shark bullish, Waiting 1198/1200 to add short.


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