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michaeljohn.e.cruz
May 23, 2014 2:14 AM

GOLD H4 GARTLEY FORMATION - LEG "B" - "C" Short

Gold/U.S. DollarFXCM

Description

YESTERDAY WE JUST HIT POINT B OF YOUR PATTERN. 1303.60 - AND EVEN A FAVORABLE DATA FOR GOLD PUBLISHED (HIGHER US UNEMPLOYMENT WITHIN THIS WEEK) AT THAT TIME THE PRICE DID'NT GET HIGHER. THE MARKET DECIDED TO GO DOWN. TECHNICALLY AND FUNDAMENTALLY XAU IS GOING DOWN. ON H4 TIME. SO LET'S WAIT WHERE THE POINT WILL REACH THE BORDER OF THE TRIANGLE. APPROXIMATELY AROUND 1286...MY TAKE PROFIT IS = 1288... AND MY BUYING LIMIT IS 1286.
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