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AlphaDreams
Jun 8, 2017 11:55 PM

Possible Bearish Gartley on Gold 

Gold/U.S. DollarFXCM

Description

If 1272 holds and gold climbs, I'll be watching 1307 area for possible reversal. If so, targets are marked. Good luck.

Comment

The double top stopped the bullish movement. could test 1275 area for 2 wave before continuing. Scalping might be tough with news and too many factors so I may just add additional shorts once wave 2 complete.

Comment

Good reversal so far. Keep an eye on the lower channel for resistance/support.

Comment

Well, that was one way to drop down.
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