LewisGlasgow
Short

XAU/USD - Bearish Gartley

OANDA:XAUUSD   Gold Spot / U.S. Dollar
There are some amazing setups forming on the charts, here we have XAU/USD             on the 4h chart with a bearish gartley .

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

This is a potential outcome for this pair, I would analyse the higher timeframes for direction before entering the move.

If you want more trading inspiration be sure to connect with me on social media :)
Comment: To all those still holding XAU/USD I would close your position in profit before NFP.

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I'm waiting till 1300 the I'll short.
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LewisGlasgow MongkolchaiPetruecha
@MongkolchaiPetruecha, yes I see another move up before the big drop!
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different setup but same plan for GOLD huge massive down
good luck sir :D

+1 Reply
@Tanzil, I agree, thanks for sharing and all the best! It should be a good trade :)
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I think it can go to 1306, bcoz 1. fibo 886 2. strong resistance
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B to C leg is not enough - It should at least reach 61.8 Level
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@peyman, you're wrong.
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peyman LewisGlasgow
@LewisGlasgow, Ok- Teach me the right one
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@peyman, read the post and you'll find the correct ratios :) have a good weekend!
+3 Reply
peyman LewisGlasgow
@LewisGlasgow, Thanks :)
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